Hikes repo rate to 8%, adjusts reverse repo rate at 7%, holds CRR at 4%

                                                

New Delhi: Hawkish Governor of the Reserve Bank of India (RBI) in his stern measure to tackle inflation has hiked repo rate yet again by 25 basis points (bps) to 8%. RBI has kept cash reserve ratio (CRR) unchanged at 4%, however, in its monetary policy review on Tuesday.Read more

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