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Reserve Bank of India (RBI) hiked repo rate and reverse repo rate by 25bps

By Bhaveek Patel 2 Comments

Reserve Bank of India (RBI) has furthered its aggressive stance against the rampant inflation and hiked repo rate and reverse repo rate by 25 basis points each to 7.50% and 6.50% respectively, in its mid-quarter policy review, which is in line with broader market expectations. While, the RBI has left cash reserve ratio, which is the amount of funds that banks have to keep with RBI, unchanged at 6%.

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Category: NEWS Tags: Interest Rates/ RBI

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. Kiran says

    Interest rate hikes will kill many small banks dependent on loan business. RBI and Govt should take more steps other than just hiking the rates.
    I personally think govt is incapable of controlling the inflation.

    thanks,
    Kiran R

    Reply
    • Bhaveek Patel says

      yes you are right Kiran, Govt should look for other initiatives to tackle the inflation, interest rates hike can cause slow down in GDP.

      Reply

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