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Just In: RBI hikes repo rate by 50 bps to 5.40%

05 Aug 2022 Evaluate

The Reserve Bank of India’s (RBI’s) Monetary Policy Committee has increased the repo rate for third time by 50 basis points (bps) to 5.40% as the monetary authority seeks to bring down inflation to its comfort band. SDF rate adjusted to 5.15% and MSF and bank rate revised at 5.65%.