RBI hikes REPO rate by 50 basis points

Last updated: 25 June 2008

Last Friday, Ministry of Finance had indicated that the monetary authorities were expected to take action on the demand side to moderate inflation and quell inflationary expectations. Reserve Bank of India has hiked the REPO rate by 50 basis points and the CRR by 50 basis points (in two stages).
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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