RBI hikes repo rate by 50 bps, Das blames it on ‘new storm’

Faced with the challenge of elevated retail inflation and a ‘storm’ arising from the aggressive monetary policy actions of advanced economy central banks, the six-member Monetary Policy Committee (MPC) decided by a majority of 5 to 1 to raise the policy repo rate by 50 basis points as also to remain focussed on withdrawal of … Read more