The Reserve Bank of India increased its benchmark lending rate by 50 basis points to 5.90%, a three-year high spurred by high inflation, aggressive monetary policies worldwide, and market volatility. The monetary policy committee (MPC), which is made up of three members from the RBI and three Continue Reading
The Reserve Bank of India increased its benchmark lending rate by 50 basis points on Friday, bringing it to pre-pandemic levels of 5.40 percent. This was the third consecutive increase to the rate, which was raised to combat this year’s persistently high inflation. The monetary policy committee (MPC) increased the benchmark lending rate, often known […]Continue Reading