RBI MPC Raises Repo Rate By 25 Bps To 5.5%, Policy Stance Changed To ‘Calibrated Tightening'
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday unanimously raised the repo rate by 25 basis points to 5.50%, from 5.25%. The MPC also shifted its monetary policy stance to ‘calibrated tightening’. Following the decision, the Standing Deposit Facility (SDF) rate was adjusted to 5.25%, while the Marginal Standing Facility (MSF) rate and bank rate were raised to…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
