The Reserve Bank of India (RBI) has hiked the key interest rate by 35 basis
points (0.35%) to 6.25%.
This is in line with the street expectations. It is the RBI’s fifth consecutive
rate hike this year to combat rising prices.
The RBI slowed the pace of hikes as the inflation is showing signs of easing
off. The inflation rate fell to 6.7% YoY in October from 7.4% in September.
The RBI slowed the pace of hikes as the inflation is showing signs of easing
off. The inflation rate fell to 6.7% YoY in October from 7.4% in September.
Indian markets were flat with the NIFTY 50 index up 0.1%.
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