Aapki Khabar Aapka Fayda: RBI Raises Key Rate By 50 Bps To 5.40 Per Cent; Governor Shaktikanta Das Raises Inflation Fears

The Reserve Bank of India’s Monetary Policy Committee announced a 50 basis points(bps) hike in the repo rate to 5.40 per cent, citing continued upside risks to inflation. With this hike, all types of loans, including home-car loans, will be costlier. RBI has increased the repo rate for the third time in a row. During the monetary policy, RBI Governor Shaktikanta Das expressed concern over inflation and said that global inflation is a matter of concern and the Indian economy is also being affected by inflation. Watch this special report of Aapki Khabar Aapka Fayda.