RBI Increases Rates By A More Moderate 0.35 Percent To 6.2 Percent, Citing Slowing Inflation

Reserve Bank of India hiked key lending rate by a mere 35 basis points to 6.25 percent . This is the fifth consecutive rate hike, despite the fact that inflation has remained stable in comparison to recent months .

Following a reduction in inflation expectations that likely peaked in September and a drop in the marginal standing facility rate, the Reserve Bank of India hiked the key lending rate by a mere 35 basis points to 6.25 percent, the MPC's majority view was to withdraw the accommodative position, said the Governor.This is the fifth consecutive rate hike, despite the fact that it has remained stable in comparison to recent months, with estimates for inflation to hit 6.00% by the end of the

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