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RBI Monetary Policy Bad news for loan borrowers hikes repo rates by 50 basis points to 5.40 percent

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motorfee.com

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newsletters@motorfee.com

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Fri, Aug 5, 2022 07:59 AM

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[RBI Monetary Policy Bad news for loan borrowers hikes repo rates by 50 basis points to 5.40 percent]( [New Delhi In a move that will raise borrowing costs for corporates and individuals even further the RBI Monetary Policy Committee led by Governor Shaktikanta Das hiked Repo Rate by by 50 basis points to 5.40 percent on Friday. Repo is the rate at which Reserve Bank of India lends funds to commercial banks when needed. It is a tool that the central bank uses to control inflation. This is the third hike since the beginning of the current financial year taking the rate is back to pre pandemic levels in order to tame the inflationary pressure.]( Â [Read More]( To Unlist [Click Here](

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