Breking News: RBI hikes repo rate by 25 basis points
- 5 years ago
RBI Governor Raghuram Rajan on Friday surprised the industry and shocked the stock markets by hiking the short-term policy rate by 0.25 per cent to keep ."worrisome" inflation under check, a move that may increase EMIs for home and auto loans in the medium term.
Contrary to the expectations of the industry and experts, Dr Rajan in his maiden policy opted for a hawkish monetary policy stance ahead of the festive season instead of shifting the focus to promotion of growth by lowering interest rates to generate demand.
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Contrary to the expectations of the industry and experts, Dr Rajan in his maiden policy opted for a hawkish monetary policy stance ahead of the festive season instead of shifting the focus to promotion of growth by lowering interest rates to generate demand.
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Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive