RBI hikes repo rate by 50 bps to 3-year high of 5.9%, GDP expected to grow at 7%
RBI Governor Shaktikanta Das on Friday announced that the central bank's Monetary Policy Committee (MPC) has hiked the repo rate - or the key lending rate - by 50 basis points (bps) to a three-year high of 5.9 per cent.
The country is…
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