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How Repo Rate Impacts Your Pocket? | Pronab Sen Exclusive | Urban Debate
Posted
June 8, 2022
Views
347
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2
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June 8, 2022
347
2
0.58%
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3:20
19:56Now PlayingIn this episode of Urban Debate, Heena Gambhir will be joined by former Chief Statistician of India Pronab Sen. He will put up his views on the Indian Economy and the increasing Repo rate by the Reserve Bank of India. The Reserve Bank of India's monetary policy committee hiked the repo rate, the key policy rate at which the central bank lends short-term funds to banks, by another 50 basis points on June 8, continuing the fight against high inflation. "RBI expects inflation to go up further over the next two quarters before it comes down. RBI must act now," says Pronab Sen, Former Chief Statistician. "With inflation running at 7 & a half percent, we are still talking about repo rate which is about 250 basis points. The real repo rate is in the negative," says Pronab Sen Ex-Chief Statistician. Watch out for this exclusive chat.
#RepoRate #Inflation #LatestNews
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