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RBI Hikes Repo Rate By 40 Basis After Emergency Monetary Policy Committee Meeting | Mirror Now
Posted
May 4, 2022
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3:00Now PlayingRBI Governor Shaktikanta Das has announced an out of cycle hike in the repo rate by 40 basis points after an emergency meeting of the monetary policy committee meeting. The rate hike comes ahead of an expected hike by the Federal reserve and is aimed at controlling runaway inflation. How do rate hikes help in controlling inflation and is a 40 basis point hike going to be enough to dampen the kind of price hikes that India is witnessing? Tamanna Inamdar, Senior Editor, ET Now breaks down what the rate hike means and why we should be prepared for more hikes in the future.
#RBINews #ShaktikantaDas #LatestNews
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