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RBI Hikes Repo Rate By 25 Basis Points To 6.50%, EMIs To Set To Go Up Again | Latest Economy News
Posted
February 8, 2023
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188
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February 8, 2023
188
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3:05Now PlayingAs the latest news on Mirror Now, the central bank of India, RBI, hiked repo rate by 25 basis points to 6.50 percent. India's Governor Shakikanta Das has said that the RBI has taken a number of steps to strengthen the resilience of Indian banks which has set guidelines for the commitments. The Governor of India believes that a rate hike of 25 basis points is appropriate at this time. The Governor of the Reserve Bank of India stated that inflation will remain above the 4% target, citing geopolitical tensions as a risk to inflation. He said that they would continue to be the focus of the withdrawal of accommodations in the global outlook, which is not as dire as it was a few months ago. Watch the entire video to know more in detail!
#reporate #gdp #rbi
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