MPC members indicate more rate hikes to tackle rising inflation

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The rate-setting committee has increased the policy repo rate by 90 basis points in May and June, to 4.

MPC members indicate more rate hikes to tackle rising inflation The rate-setting committee has increased the policy repo rate by 90 basis points in May and June, to 4.

The members of the monetary policy committee (MPC) of the Reserve Bank of India (RBI) indicated more interest rate hike in the coming months to tackle rising inflation, minutes of the June policy review rele¬ased on Wednesday showed.

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Author / Journalist: Manojit Saha

Category: BusinessFinance

Topics: Rising Support Tackle Business Members Subscription Journalism Content Standard Policy Rate

Source Website Secure: Yes (HTTPS)

Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

News Source URL: business-standard.com

Readership Location: India

Published Date: 2022-06-23, 06:06:00

News Timezone: GMT +5:00

Language: English

Original Article Length: 338 words

Reading Duration: 2 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 463799

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Name: Business Standard

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