New Delhi> Reserve Financial institution has elevated the repo fee once more. The repo fee was elevated by 25 foundation factors to six.5 p.c. Governor Shaktikanta Das introduced the choice of the Financial Coverage Committee. With this, financial institution mortgage rates of interest will rise.
This was the primary financial coverage assertion of the yr. Within the December 2022 financial coverage assessment, the central financial institution had raised the important thing benchmark rate of interest by 35 foundation factors (bps). Since May final yr, the Reserve Financial institution has hiked short-term lending charges by 250 foundation factors, together with right now, to include inflation.
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