scorecardresearchRBI Interest Rate Hike: Market remains in the green after MPC decision; banking, finance indices rise about a percent

RBI Interest Rate Hike: Market remains in the green after MPC decision; banking, finance indices rise about a percent

Updated: 05 Aug 2022, 10:53 AM IST
TL;DR.
  • RBI raised the repo rates by 50 bps to 5.4%, on expected lines, and retained its stance at 'withdrawal of accommodation.'
RBI also retained the real GDP growth projection for FY23 at 7.2% while the central bank projected FY23 CPI inflation at 6.7%.

RBI also retained the real GDP growth projection for FY23 at 7.2% while the central bank projected FY23 CPI inflation at 6.7%.