India 360: RBI Hikes Repo Rate By 35 Bps To 6.25%; Says Inflation Battle Not Over

The Reserve Bank of India (RBI) has increased the repo rate for the fifth consecutive time this year. Today RBI has hiked the repo rate by 35 basis points. RBI increased the repo rate by 0.35% to 6.25. For FY23, the inflation rate has been estimated by RBI at 6.7%. RBI governor Shaktikanta Das said that inflation still remains a matter of concern. To reduce this, steps are being taken by the central bank. Watch this special report on India 360.