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RBI’s New Policy - RBI Rate Increased

The most recent rate hike took place in June 2018. The repurchase option rate is referred to as the repo rate. It refers to the interest rate at which the RBI loans money to business banks. India's MPC raised the repo rate 50 bps to 5.40% from 4.90%. Get more trending news and information only at Aggiler.<br>Read complete information here- https://www.aggiler.com/rbi-s-new-policy-rbi-rate-increased-by-0-50<br>

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RBI’s New Policy - RBI Rate Increased

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  1. RBI’s New Policy: RBI Rate Increased By 0.50% The third-largest economy in Asia has experienced a jump in inflation over the past few months, and thus renowned Reserve Bank of India (RBI) increased the interest rate on Wednesday to a two-year high of 4.9%. The repo rate has increased twice in the past six months. The rate increase follows a 40 basis point increase implemented by the RBI on May 4 during an unexpected meeting. For the first time in four years, the RBI abruptly increased the interest rates by 0.40 percent (40 basis points, or bps). The most recent rate hike took place in June 2018. The repurchase option rate is referred to as the repo rate. It refers to the interest rate at which the RBI loans money to business banks. India's MPC raised the repo rate 50 bps to 5.40% from 4.90%. Get more trending news and information only at Aggiler. Read complete information here- https://www.aggiler.com/rbi-s-new-policy-rbi-rate-increased-by-0- 50

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