RBI Likely To Pause Its Interest Rate Hike In April
The Reserve Bank of India (RBI) is expected to pause its interest rate hike and the current 6.5 percent repo rate could be the terminal rate for now, said SBI Research in its latest Ecowrap report. The repo rate is the interest rate at which the RBI lends money to all commercial banks. The next monetary policy meeting is scheduled for the first week of April 2023.
Tags: business, RBI, Interest Hike, banking sector, MPC Committee
Courtesy: Zee News India