Why the RBI’s increase in the repo rate to 6.25% might not be the final one in the near future
The repo rate was raised to 6.25 percent by the Reserve Bank of India (RBI) on December 7. The six-member Monetary Policy Committee (MPC) of the RBI voted 5-1 to adopt the decision. The repo rate determines how much money banks can borrow from the central bank. The RBI also agreed to keep its accommodative…
