RBI raises repo rate by 25 bps to 5.50 amid challenging global environment

New Delhi, October 7 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting -- led by Governor Sanjay Malhotra -- on Wednesday announced to raise key policy rate by 25 basis-points (bps), taking it to 5.50 amid a challenging global environment.SDF rate stands adjusted at 5.25 pe…
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