RBI Monetary Policy: Patel hikes rate by 25 bps for second time; policy repo rate at 6.50%

The decision of the MPC is consistent with the neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth.

RBI Monetary Policy: Patel hikes rate by 25
Representational Image: Photo: Reuters

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