RBI hikes repo rate by 50 bps to 4.90%, raises inflation forecast to 6.7%
New Delhi, 8/6:The Reserve Bank of India on Wednesday hiked benchmark lending rates by 50 basis points to control skyrocketing prices of food, fuel and other commodities, governor Shaktikanta Das announced as the Monetary Policy Committee (MPC), which started its deliberations on Monday, concluded its review. RBI raised the repo rate, or the…
