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RBI Repo Rate Hike: The country’s central bank has decided to increase the repo rate by 25 basis points in the meeting of the Monetary Policy Committee. RBI has increased the repo rate to reduce inflation. The increase in the repo rate has been announced by RBI Governor Shaktikanta Das. With this increase, now the interest rates of the loan will increase. Apart from this, the interest of fixed deposits is also expected to increase.
Apart from increasing the repo rate, RBI Governor Shaktikanta Das has made several big announcements in the meeting. Let us know what are the big announcements made in the meeting of the Monetary Policy Committee.
There has been an increase of 0.25 percent in the repo rate and now the repo rate has been increased from 6.25 percent to 6.50 percent. Let us inform that before this, RBI has increased the repo rate by 2.25 percent last year.
RBI Governor has expressed the possibility of India’s GDP to be 7 percent for the financial year 2023. At the same time, the inflation rate is likely to remain above the range of 4 per cent for the financial year 2023-24.
RBI Governor Shaktikanta Das said that the global economy and inflation have also affected India’s economy. He said that the Indian economy is growing rapidly, but global challenges are ahead.
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