RBI hikes Repo Rate by 50bps to 4.90%, here know What is Repo Rate?
Zee Business Video Team | Updated: June 8, 2022 01:45 PM IST
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.
