The Reserve Bank of India has just announced a 50 bps or 0.5% hike in repo rates to 5.4% as a measure to control inflation, which is presently above its target level. The transmission mechanism of monetary policy is simple: increased repo rates would mean that commercial banks can access reserve money from the Reserve Bank of India for interbank settlements at higher rates and would therefore charge the final borrowers including households and businesses higher rates of interest...
Moneycontrol Pro Panorama | After US, will inflation ease in India?
Aug 11, 2022 / 03:21 PM IST
In today’s edition of Moneycontrol Pro Panorama: Nitish Kumar outfoxes BJP in Bihar, the Fed’s tightening may not be working, Nykaa may take on more gloss, and moreRead Now
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