Highlights

  • Repo rate hiked, GDP growth estimate lowered

  • The central bank lowered the growth expectation to 6.8% from 7% seen previously

  • RBI has hiked the repo rate for the fifth time in a row

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RBI Monetary Policy Live Updates: Repo rate hiked by 35 bps

RBI has raised rates by a total 190 basis points since its first unscheduled mid-meeting hike in May 

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      The Reserve Bank of India's Monetary Policy Committee voted 5-1 to increase increase repo rate by 35 basis points to 6.25 percent, RBI Governor Shaktikanta Das said on December 7. Further, Standing Deposit Facility rate and Marginal Standing Facility rate are also increased by 35 basis points each to 6 percent and 6.5 percent, respectively.

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