Announcing the decision of the Monetary Policy Committee (MPC) during its three-day meeting, Das said it has been decided to increase the policy rate by 50bps to 5.4 per cent with immediate effect.
Experts are of the view that the RBI would raise the benchmark rate to at least the pre-pandemic level this week and even further in later months.
New Delhi: Lower lending rates following a series of policy rate cuts by the Reserve Bank of India and a sharp cut in the corporate tax rates will spur a recovery in India next year, a report said on Monday. “The turnaround is likely to show up beginning in the October-December quarter, though largely because […]
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