RBI hikes key rate by 0.50% to 5.40%, highest since 2019

RBI hikes key rate by 0.50% to 5.40%, highest since 2019

Nagpur/Mumbai: The Reserve Bank of India (RBI) hiked its key lending rate by 50 basis points to pre-pandemic levels of 5.40 per cent on Friday, a third increase in a row to tame surging inflation which has remained above...

by Nagpur Today | Published 3 years ago
RBI hikes key rate by 0.50% to 5.40%, highest since 2019
By Nagpur Today On Friday, August 5th, 2022

RBI hikes key rate by 0.50% to 5.40%, highest since 2019

Nagpur/Mumbai: The Reserve Bank of India (RBI) hiked its key lending rate by 50 basis points to pre-pandemic levels of 5.40 per cent on Friday, a third increase in a row to tame surging inflation which has remained above...