In its monetary policy review, the central bank implemented its first interest rate hike since 2023 to tame persistent inflation.
Tag: repo rate
Viral Claim About RBI Cutting Repo Rate to 5 Percent at June MPC Was False
Social media posts claiming RBI cut rates to 5 percent were incorrect as the central bank maintained the repo rate unchanged at 5.25 percent.
RBI Keeps Repo Rate Unchanged at 5.25 Percent for Third Consecutive Meeting
The Reserve Bank of India held its benchmark lending rate steady amid Middle East conflict risks weakening rupee and inflation concerns.