SUMMARY
Reserve Bank of India (RBI) hiked the key benchmark policy rate by 25 basis points to 6.5 percent on February 8. This is the sixth interest rate hike by RBI since May 2022, taking the total quantum of hike to 250 basis points.
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The Reserve Bank of India (RBI) has hiked the repo rate rate by 25 basis points to 6.5 percent on February 8, citing sticky core inflation. This is the sixth time interest rates have been hiked since May 2022. The current hike takes the total quantum of hike to 250 basis points in less than a year.
2 / 10Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) by a majority decided to raise the policy repo rate by 25 basis points and keep a 'strong vigil' on inflation outlook.
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