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RBI Monetary Policy: Central Bank raises Repo Rate by 50 basis point to 5.4% | ABP News
ABP News Bureau
Updated at:
05 Aug 2022 12:33 PM (IST)
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View In AppThe six-member monetary policy committee of the Reserve Bank of India, headed by Governor Shaktikanta Das, on Friday announced to hike the policy rate by 50 basis points to 5.4 per cent to contain soaring inflation that has surged in the few months. This is be the third consecutive hike in the repo rate in the past three months. Watch the video for the detailed story and stay connected.