RBI increases repo rate by 50 basis points; Sensex ends 215 points lower, Nifty below 16,400 mark; more
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India Today
RBI increases repo rate by 50 basis points; Sensex ends 215 points lower, Nifty below 16,400 mark; more
The Reserve Bank of India hiked the repo rate by 50 basis points today. The six-member Monetary Policy Committee (MPC), also voted unanimously to focus on withdrawal of accomodation to tame rising inflation.
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