Here you can find all updates from today's RBI Monetary Policy Announcement.
RBI Monetary Policy: Repo rate hiked by 50 bps to 5.9%, FY23 GDP forecast lowered to 7%
Updated: 30 Sep 2022, 12:41 PM IST
TL;DR.The Reserve Bank of India (RBI) took cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The MPC raised hiked repo rate by 50bps to 5.9%.
RBI Monetary policy today