At a glance, it appears the RBI continues with its anti-inflationary stance. The benchmark interest rates rose 25 bps, but the cash reserve ratio (CRR) rate was left unchanged. The repo rate now stands at 8.25%, while the reserve repo gets adjusted to 7.25%. The CRR remains unchanged at 6%.
Jim Walker, the managing director of Asianomics Limited says the RBI
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
