RBI hiked repo rate by 25 points – What does it mean ?
The monetary policy committee (MPC) has voted on a majority to raise the repo rate by 25 basis points to 6.5 percent, according to Reserve Bank of India (RBI) Governor Shaktikanta Das. The marginal standing facility (MSF) will be revised to 6.75 percent, and the standing deposit facility (SDF) will remain at 6.25 percent. What … Read more