RBI increases repo rate to 6.5 pct
Mumbai: RBI Governor Shaktikanta Das on Wednesday announced the decision to hike repo rate by 25 basis points to 6.5 percent.
This is the first Monetary Policy Statement issued in 2023.
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor - February 08, 2023 https://t.co/KGPgzXbpWN
— ReserveBankOfIndia (@RBI) February 8, 2023
No change in reverse repo rate was announced at 3.35 percent.
RBI made the announcement just a week after Nirmala Sitharaman presented the Union Budget.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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