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    The Reserve Bank of India raised the key interest rates by 50 basis points to 4.9% to control inflation which has remained above the central bank's tolerance level for over 3 months now. This is the first increase in interest rates since August 2018 as inflation continues to be a major challenge. The repo rate hike is expected to increase borrowing costs for consumers as well as companies and help bring down prices by reducing demand in the economy.

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    The Reserve Bank of India raised the key interest rates by 50 basis points to 4.9% to control inflation which has remained above the central bank's tolerance level for over 3 months now. This is the first increase in interest rates since August 2018 as inflation continues to be a major challenge. The repo rate hike is expected to increase borrowing costs for consumers as well as companies and help bring down prices by reducing demand in the economy.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    2 views2 pages

    Tender Image # 1132758

    Uploaded by

    M M Ferdous
    The Reserve Bank of India raised the key interest rates by 50 basis points to 4.9% to control inflation which has remained above the central bank's tolerance level for over 3 months now. This is the first increase in interest rates since August 2018 as inflation continues to be a major challenge. The repo rate hike is expected to increase borrowing costs for consumers as well as companies and help bring down prices by reducing demand in the economy.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Published in : Financial Express on Feb 21, 2023

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