How Credit PMIs And Bank FDs Could Be Affected By RBI’s Rate Hike | Mint – mint | Jfk Loans

The Reserve Bank of India (RBI) today hiked the repo rate by 50 basis points to 5.40 percent, matching pre-Covid levels. Aiming to curb inflation by squeezing liquidity in the market, the Monetary Policy Committee (MPC) led by RBI Governor Shakktanta Das raised interest rates for the third straight day on Friday. According to investment … Read more