RBI Monetary Policy: RBI raised its lending rate by a modest 35 basis points to 6.25 per cent.(File)
The Reserve Bank of India hiked its key lending rate by a more modest 35 basis points to 6.25 per cent, citing slowing inflation, after three consecutive 50-bps (basis points) increases to manage price pressures that have remained persistently above the upper end of its target band.
Here are the highlights of the Reserve Bank of India's monetary policy committee(MPC) meeting:
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