The Reserve Bank of India hikes its key lending rate by 50 basis points to 5.40 percent, the highest since 2019 and for the third time since the beginning of the current fiscal year.
The Reserve Bank of India's rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy.
The central bank already announced a gradually withdrawal of its accommodative monetary policy stance and that it was ready to do whatever it takes to stabilise inflation and the rupee.
RBI Monetary Policy Highlights:
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