Monetary Policy: Rate Hike

RBI Monetary Policy: Rate Hike to Shake the Market

Hiked repo rate by 25 basis point to 6.50% compared to the previous 6.25% is the second rate hike made by RBI as in previous policy the central bank under leadership of governor Urjit Patel had increased the rate by 25 basis points, which was also the first ever rate hike under Prime Minister Narendra Modi government regime.