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Dynamite News
National
DN Bureau

Business: RBI raises repo rate by 40 basis points to 4.40 pc with immediate effect

RBI Shaktikanta Das Reserve Bank of India Monetary Policy Monetary Policy Committee MPC Inflation
RBI Governor Shaktikanta Das addressing a press conference

Mumbai: In a surprise move, the Reserve Bank of India (RBI) on Wednesday increased the policy repo rate by 40 basis points to 4.40 per cent with immediate effect.

Addressing a press conference, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has unanimously voted to increase the policy repo rate by 40 basis points or 0.40 per cent.

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