Published 2 years ago

RBI monetary policy hikes repo rate to 5.4% to pre-pandemic level, 3rd straight increase since May

Summary by Ground News

Banking stocks rose up to 1.5% after the Reserve Bank of India's Monetary Policy Committee (MPC) hiked rates. The central bank raised the repo rate by 50 basis points (bps) after a cumulative hike of 90 bps in the last three months to ease inflationary pressure on the economy.

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Times of India

RBI raises repo rate by 50 bps to 5.4%

The policy rate increase by the MPC comes as an attempt to curtail the inflationary pressures faced by citizens on the back of high food and fuel prices following supply disruptions due to Russias invasion of Ukraine. The increase also comes after the Indian rupees plunge to an all-time low in July that further bumped up imported inflation.

2 years ago·India

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News18 India

RBI MPC: Repo Rate Hiked by 50 bps to 5.4%; FY23 Inflation, GDP Outlook Retained

Repo rate is now back to pre-pandemic levels, highest since August 2019; GDP growth, inflation forecasts retained at 7.2 per cent and 6.7 per cent for FY23, respectively

2 years ago·India

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Hindustan Times

Reserve Bank raises repo rate to by 50 bps to 5.4%, its third hike in a row

As global prices soared, fanned by rising oil, India’s cenbank first effected a 40 basis point hike at an unscheduled meet in May. It raised the repo rate again by 50 basis point in June

2 years ago·New Delhi, India

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Indian Express

Explained: Why has the RBI hiked rates by 50 bps to 5.4%?

RBI Repo Rate Hiked: The Monetary Policy Committee of the Reserve Bank of India has increased repo rates by 50 basis points to 5.4 per cent. Why has it opted for a hike, and what impact will it have? What has the central bank said on India's growth and inflation?

2 years ago·India

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India Today

RBI hikes repo rate by 50 bps to 5.4% to tame inflation

The Reserve Bank of India (RBI) on Friday hiked the repo rate by 50 basis points to 5.4 per cent.

2 years ago·India

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Live Mint

RBI raises repo rate by 50 bps to 5.4%, back at pre-pandemic levels

The Reserve Bank of India (RBI) raised the repo rate by 50 bps to5.40 percent on August 5 for the third consecutive time. Repo rate is now back to pre-pandemic levels, highest since August 2019.

2 years ago·New Delhi, India

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