Followers

Wednesday, August 9, 2023

No impact on EMIs as RBI keeps repo rate unchanged at 6.5%

The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the third time in a row. The decision was unanimous, according to RBI Chief Shaktikanta Das. The RBI has raised repo rates by a total of 250 basis points since May 2012 to tackle inflation and to ensure retail inflation remains at 4% with a margin of 2% on either side.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PQT2syB

No comments:

Post a Comment

Dow soars over 1,300 pts, Sensex 900 pts

Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory...