The Reserve Bank of India, in its mid-quarter policy review, hiked repo and reverse repo rates by 25 basis points each. This takes repo to 7.5% and reverse repo to 6.5%. CRR, however, has been left unchanged at 6%.
Reacting on the rate hike, Rajiv Anand, CEO of Axis AMC, told CNBC-TV18 that the RBI cannot indicate that it is anywhere near a pause, especially given the fact that headline inflation is at 9%.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!
