scorecardresearchRBI's interest rate hike ultimately good for the banking sector: Report

RBI's interest rate hike ultimately good for the banking sector: Report

Updated: 05 May 2022, 08:53 AM IST
TL;DR.
The Reserve Bank of India (RBI) on May 4 surprised many by hiking the repo rate by 40 basis points (bps) to 4.40 percent with immediate effect.
As inflation is soaring and expected to remain elevated, an interest rate hike of 25-50 basis points was long overdue.

As inflation is soaring and expected to remain elevated, an interest rate hike of 25-50 basis points was long overdue.