RBI Increases Repo Rate By 50 Bps To Tame Inflation; Now Stands At 4.9%
RBI has announced to increase the policy repo rate by 50 basis points, to 4.9%, to tame the rising inflation in the country. Notably, this is the second hike in five weeks. The decision has been taken during RBI's three-day Monetary Policy Committee (MPC) meeting. Furthermore, the Standing Deposit Facility (SDF) rate stands at 4.65%, and Marginal Standing Facility (MSF) rate at 5.15%.
Tags: RBI, repo rate, SDF, MPC, MSF
Courtesy: ANI