Heurist Finance

RBI hikes repo rate 25 bps in first increase in nearly four years

Bloomberg · 13 hours ago
RBI hikes repo rate 25 bps in first increase in nearly four years
  • The RBI raised interest rates for the first time in nearly four years, hiking the repo rate by 25 basis points.
  • Governor Sanjay Malhotra said rate hikes are off the table in the near-term.
  • The rate increase is the RBI's first in nearly four years.

Quotes

“given the current economic scenario, rate hikes are off the table in the near-term.”— Sanjay Malhotra

Sources