RBI's Monetary Policy Committee Raises Repo Rate by 25 bps :

The Reserve Bank of India (RBI) Governor Shaktikanta Das announced the Monetary Policy statement on Wednesday, February 8, 2023, increasing the repo rate by 25 basis points. The Monetary Policy Committee (MPC) increased the repo rate, or the key rate at which the RBI lends short-term funds to commercial banks, to 6.50 per cent from 6.25 per cent.  In its December monetary

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