The Monetary policy committee (MPC) of the RBI has decided to raise rates by 50 basis points (bps) to 5.40 per cent. This rate increase is in line with industry expectations, albeit at the higher end of the band of 35-50bps. One basis point is one hundredth of a percentage point. It is clear the central bank’s focus is on withdrawal of accommodation with the intent of keeping inflation in check, while supporting growth. The stock market has welcomed this...
Moneycontrol Pro Panorama | View from atop the 60K peak
Aug 18, 2022 / 04:41 PM IST
In today’s edition of Moneycontrol Pro Panorama: Misuse of police, bright spots on recovery radar, the metal blues, green code for startups, politics behind freebie politics and moreRead Now
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