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

Photo: The Morung Express

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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This is a short summary of a story published by The Morung Express, shown with a link to the original. The full story, photo and reporting belong to The Morung Express.

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