Continuing with its anti-inflationary stance, the Reserve Bank of India (RBI) has raised the benchmark interest rates by quarter of a percent point in its credit policy on Friday, while keeping cash reserve ratio (CRR) rate unchanged. The repo rate now stands at 8.25%, while the reserve repo gets adjusted to 7.25%. The CRR remains unchanged at 6%.
Rajiv Anand of Axis Mutual Fund, in an exclusive interview to CNBC-TV18, said that growth will impacted due to hike in interest rates.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!
