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RBI hikes repo rate by 50 bps to 5.40%; Covid-era cuts reversed entirely

Monetary Policy Committee (MPC) retains FY23 CPI forecast at 6.7%, flags uncertainty on inflation trajectory The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday announced a 50 basis point hike in the repo rate to 5.40 per cent, citing continued upside risks to inflation. The Standing Deposit Facility (SDF) rate is now at […]