RBI Hikes Policy Repo Rate to 6.25% | CORPORATE ETHOS

RBI Hikes Policy Repo Rate to 6.25%

By: | June 6, 2018
RBI

The Reserve Bank of India has raised the policy repo rate from 6 to 6.25% and consequently the reverse repo rate under the liquidity adjustment facility has risen to 6 percent and Bank Rate to 6.50 %.

The decision of the Monetary Policy Committee (MPC) is consistent with the neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth, according to RBI.