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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

High inflation, bleak global outlook: Why RBI hiked repo rate by 50 bps

NEW DELHI: A stubbornly high inflation and persistently falling rupee promoted the Reserve Bank of India's (RBI) monetary policy committee (MPC) to raise benchmark lending rates for the 4th time in a row on Friday.

The MPC, comprising three members from the RBI and three external experts, raised the key lending rate or the repo rate to 5.9% - the highest since April 2019.

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