In line with widespread expectations
source:google
he Reserve Bank of India increased its benchmark repo rate by 35 basis points to 6.25% during its December meeting
source:google
This was the sixth consecutive rate increase
source:google
After reaching a five-month high of 7.41% in September, annual inflation decreased to 6.77% in October.
source:google
Despite falling to its lowest level in three months in October, inflation remained above the RBI's tolerance threshold of 2-6%.
source:google
Following a 50 bps rate increase in September
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he decision brought the rate to a level last seen in March 2019
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in line with the rate tightening of other central banks across the world
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The central bank left its prediction for annual inflation at 6.7% while lowering its estimate for economic growth to 6.8% from 7.0%.
source:google
Additionally, the central bank improved both the position
source:google