Business and economics

Repo Rate hiked by 50bps to 4.90 percent

Published on 10 Jun 2022

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  • The Reserve Bank of India (RBI) hiked key repo rate by 50 basis points (bps) to 4.90 per cent in a bid to tame the soaring inflation in the country.
  • This the second straight hike by the central bank in 2 months and is expected to 
  • The RBI also raised inflation forecast for the current financial year to 6.7 per cent from its earlier projection of 5.7 per cent hike borrowing costs for corporates and individuals.
Source: SarkariPariksha