![RBI increases Repo Rate by 40 bps ‘to tackle inflation’](https://market-tracker.in/wp-content/uploads/2022/05/RBI-1200x600-1-1.jpg)
RBI increases Repo Rate by 40 bps ‘to tackle inflation’
The Monetary Policy Committee (MPC) on Wednesday collectively voted to increase the policy repo rate by 40 basis points from 4% to 4.40% with an immediate effect, in a clear indication that inflation may be curving to higher levels than expected. The move came a few hours ahead of the Federal Reserve’s rate decision on…