Wed, Jun 08, 2022
Even as the Reserve Bank of India hiked repo rate by 50 basis points, the policy failed to dent the market much as rate-sensitive stocks remained almost unfazed.
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The Reserve Bank of India (RBI) on Wednesday hiked key repo rate by 50 basis points (bps) to 4.90% in a bid to tame the scoring inflation in the country. this is the 2nd straight hike by central bank in 2 months and is expected to hike borrowing costs for corporates and individuals. here know what is Repo Rate.
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