RBI to pause if inflation slows

The Reserve Bank of India (RBI) raised its key policy rates by 25 basis points (bps) on Tuesday, pressing ahead with its battle against inflation while signalling it will hold from further increases amid concerns about decelerating economic growth and hope that price pressures could begin to ease after December. The central bank also deregulated savings account rates, the last of the countrys administered rates. The repo rate, at which RBI gives money to banks, was raised to 8.5%, and

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CCI News Desk

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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