RBI Hikes Repo By 35 Bps In A Sign Of Slowing Rate Hikes

The News Craving

By Mohammed Kudrati The Governor of the Reserve Bank of India (RBI) – Shaktikanta Das on Wednesday announced that the central bank was hiking the policy repo rate by 35 basis points, or 0.35 percentage point, to 6.25% in a sign of slowing interest rate hikes. But the RBI has not put an end date to rate hikes, stating that it was not ruling out further monetary policy intervention to get inflation under control and to sustain growth. Officially, during the pandemic, the RBI had adopted an ‘accommodative’ stance. The governor said that the RBI was moving towards withdrawal of accommodation to ke…

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