RBI Hikes Key Rate By 0.50% To Pre-Pandemic Levels, 3rd Increase In A Row

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Published Aug 5, 2022

The Reserve Bank of India hiked its key lending rate by 50 basis points to pre-pandemic levels of 5.40 per cent on Friday, a third increase in a row to tame surging inflation which has remained above the upper end of the central bank's target this year.

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Category: Asia
Tags: NDTV 24x7, RBI, Repo Rate

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RBI Hikes Key Rate By 0.50% To Pre-Pandemic Levels, 3rd Increase In A Row

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