Highlights

  • Second hike in this fiscal year as inflation continues to climb
  • MSF and Bank rate also raised

Latest news

CWG: 40-year-old Achanta Sharath Kamal win Men's Singles Title in Table Tennis

CWG: 40-year-old Achanta Sharath Kamal win Men's Singles Title in Table Tennis

CWG: Satwiksairaj Rankireddy-Chirag Shetty clinch Badminton Gold in Men's Doubles

CWG: Satwiksairaj Rankireddy-Chirag Shetty clinch Badminton Gold in Men's Doubles

Taapsee Pannu on not being invited to ‘Koffee With Karan 7’: 'My sex life is not interesting enough'

Taapsee Pannu on not being invited to ‘Koffee With Karan 7’: 'My sex life is not interesting enough'

JDU-BJP rift widens, Nitish Kumar dials Sonia: reports

JDU-BJP rift widens, Nitish Kumar dials Sonia: reports

Watch! Commonwealth Games 2022 mascot's dance off with sound engineer

Watch! Commonwealth Games 2022 mascot's dance off with sound engineer

RBI Monetary Policy: Repo rate hike again, shocks with 50 bps hike

RBI Monetary Policy: RBI hikes policy repo rate by 50 basis points to 4.90%

RBI Monetary Policy surprised the street with a 50 bps repo rate hike again, shocks with 50 bps hike.

Here are the top highlights -:

• Unanimous decision by MPC to hike repo rate by 50 bps to 4.9%

• Decides to keep policy stance ‘withdrawal of accommodation’

• Raises inflation forecast for the year sharply, FY'23 CPI projected at 6.7% vs 5.7% earlier

• Inflation projection shows prices cooling only in the last quarter of this financial year

• RBI hints at more rate hikes: "We will remain focused on bringing down inflation closer to target and focus on macro stability"

• FY23 GDP retained at 7.2% with growth slowing significantly to 4% in the final quarter of the year

• Increases MSF & Bank Rate By 5.15% From 4.65%

Up Next

RBI Monetary Policy: Repo rate hike again, shocks with 50 bps hike

RBI Monetary Policy: Repo rate hike again, shocks with 50 bps hike

Top 5 'fat-finger' trades that rocked global markets

Top 5 'fat-finger' trades that rocked global markets

RBI Repo rate hike: Top 10 points that you should know

RBI Repo rate hike: Top 10 points that you should know

Another IPO coming soon from the House of Adani

Another IPO coming soon from the House of Adani

Fed raises rates but Fed Chief Powell's comments power up the markets

Fed raises rates but Fed Chief Powell's comments power up the markets

Zomato delivers ESOP bonanza, shares for Rs 1

Zomato delivers ESOP bonanza, shares for Rs 1

More videos

5G auction begins today: Jio, Airtel, Adani in the fray

5G auction begins today: Jio, Airtel, Adani in the fray

Explained: Why Zomato share prices hit record low

Explained: Why Zomato share prices hit record low

NSE gets new MD, CEO: Ashishkumar Chauhan's appointment cleared by SEBI

NSE gets new MD, CEO: Ashishkumar Chauhan's appointment cleared by SEBI

Rupee at 80, hits record low Vs Dollar

Rupee at 80, hits record low Vs Dollar

Rupee at 80, set to hit historic low today vs USD

Rupee at 80, set to hit historic low today vs USD

High Rates vs High Prices: What is worse for this market?

High Rates vs High Prices: What is worse for this market?

Rupee at record low: Flexi Capital explains what to expect next

Rupee at record low: Flexi Capital explains what to expect next

Markets at close: Sensex slides, Rupee record low again

Markets at close: Sensex slides, Rupee record low again

Business Briefs: Maruti's Brezza launch to hot news in a cup from Reliance

Business Briefs: Maruti's Brezza launch to hot news in a cup from Reliance

US markets see sharp cuts, bear market loses its bounce

US markets see sharp cuts, bear market loses its bounce

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.