RBI hikes lending rate by 50 basis points; home loans, EMIs to get costlier
Business | August 05, 2022 11:11 ISTThe latest RBI action follows the Bank of England raising rate by 50 basis points, the biggest hike in 27 years, to 1.75 per cent.
The latest RBI action follows the Bank of England raising rate by 50 basis points, the biggest hike in 27 years, to 1.75 per cent.
New Delhi: Following are the highlights of RBI's bi-monthly monetary policy statement:* Short-term lending (repo) rate unchanged at 8%* Cash reserve ratio (CRR) unchanged at 4%* SLR cut by 0.50% to 22% to unlock banking
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