RBI raises the repo rate by 50 bps more to 5.9%

Reserve bank of india increased repo rate 4 time in last one year

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The Reserve Bank of India (RBI) rise the repo rate means the rate of giving interest to the banks.

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Ripo rate is increased by 50 basis points (bps) on 1 October 2022

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Stocks energized after the RBI’s strategy declaration. The BSE Sensex acquired 1.8% to close at 57,426.92.

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The yield on the benchmark 10-year security rose to 7.4%.

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The Reserve Bank of India (RBI) raised policy interest rates by half a point as expected and kept the door open for more increases.

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to fight price pressures, saying it has enough in its arsenal to counter blows from monetary tightening by Western economie

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