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Just In: RBI raises repo rate by 35 bps to 6.25%

07 Dec 2022 Evaluate

The Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC), headed by Governor Shaktikanta Das, has raised the repo rate by 35 basis points (bps) to 6.25%, to curb lingering inflation pressures. The hike in repo rate was in line with street expectations. Besides, SDF rate stands at 6%. Meanwhile, MPC has maintained its stance of focusing on the ‘withdrawal of accommodation’.