RBI raises repo rate by 35 bps to 6.25 %, forecasts GDP growth at 6.8%
Shortpedia
Content Team
Image Credit: money control
The Reserve Bank of India monetary policy committee (MPC), which determines interest rates, has raised the policy repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect. This decision was taken after three-day-long sessions that concluded on December 7. RBI Governor Shaktikanta Das today announced that five out of six members of the MPC opted to go for a hike in the rate during the meeting.
