Repo rate hiked by 0.50...! Interest rates on loans will rise soon..!

The Reserve bank of India's monetary policy meeting has taken important decisions to curb rising inflation in india and the continued depreciation of the rupee. Due to this, the investments in the indian market are also leaving. In this situation, the RBI has increased its repo rate. RBI governor Shaktikanta Das hiked the repo rate by 50 basis points to 5.90 percent at the end of the two-month monetary policy. Similarly, the SDF rate was hiked to 5.65 percent and the bank rate MSF hiked to 6.15 percent - RBI governor Shaktikanta Das. RBI governor Shaktikanta Das has said that India's GDP growth rate has been reduced from 7.2 percent to 7 percent in FY 2023. A decline in the GDP ratio has caused sadness among investors.RBI governor Shaktikanta Das has announced that there is no change in the country's inflation rate in the financial year 2023 and has said that the inflation rate in the financial year 2023 will be 6.7 percent. In today's monetary policy decision of the Reserve bank, the RBI has increased the interest rate for the 4th time in the current financial year.Countries that have recently raised interest rates are: USA - 0.75 percent, philippines - 0.50 percent, indonesia - 0.50 percent, south africa - 0.75 percent, uae - 0.75 percent, saudi arabia - 0.75 percent, hong kong - 0.75 percent, switzerland - 0.75 percent, norway - 0.50 percent, taiwan - 0.12.5 percent.

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RBI increased repo rate

Sowmiya Sriram

30/09/2022 11:11 AM