RBI increases repo rate to 6.5 pct

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By  India Blooms News Service   Feb 08, 2023

Mumbai: RBI Governor Shaktikanta Das on Wednesday announced the decision to hike repo rate by 25 basis points to 6.5 percent.

This is the first Monetary Policy Statement issued in 2023.

Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor - February 08, 2023 https://t.co/KGPgzXbpWN

No change in reverse repo rate was announced at 3.35 percent.

RBI made the announcement just a week after Nirmala Sitharaman presented the Union Budget.