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RBI's Monetary Policy Committee raises repo rate by 25 bps to 6.50%
RBI's Monetary Policy Committee raises repo rate by 25 bps to 6.50%
The smaller rate hike can be attributed to softening of retail inflation and the US Federal Reserve moderating the pace of increase in its benchmark interest rate. In its December monetary policy review, the central bank had raised the benchmark interest rate by 35 bps after delivering three back-to-back 50 bps hikes.
The smaller rate hike can be attributed to softening of retail inflation and the US Federal Reserve moderating the pace of increase in its benchmark interest rate. In its December monetary policy review, the central bank had raised the benchmark interest rate by 35 bps after delivering three back-to-back 50 bps hikes.
The smaller rate hike can be attributed to softening of retail inflation and the US Federal Reserve moderating the pace of increase in its benchmark interest rate. In its December monetary policy review, the central bank had raised the benchmark interest rate by 35 bps after delivering three back-to-back 50 bps hikes. 
