RBI set for fourth straight rate hike to quell inflation, say experts - Shahpur Turk CSC - Common Service Centre in Sonipat RBI set for fourth straight rate hike to quell inflation, say experts

30 September 2022

RBI set for fourth straight rate hike to quell inflation, say experts

The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.

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