India central bank raises key repo by 40 bps in off-cycle move -Breaking
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© Reuters. FILE PHOTO – Governor Shaktikanta Das of the Reserve Bank of India (RBI), attends a press conference following a review of India’s Monetary Policy in Mumbai on April 8, 2022. REUTERS/Francis MascarenhasMUMBAI, (Reuters) – Governor Shaktikanta Das, of the Reserve Bank of India, announced Wednesday that the central lending rate was raised by 40 basis points. This is in response to persistent inflationary pressures.
Das stated that the MPC increased the key lending rate (or the repo rate) by 40 basis points, to 4.40%.
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