TNPSC Thervupettagam

RBI raises repo rate

October 7 , 2022 779 days 706 0
  • RBI raised the benchmark lending rate by 50 basis points to 5.90 per cent.
  • The latest repo rate hike has come in a bid to curb inflation.
  • The repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent.

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