Finance

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Another hike by RBI in repo rate by 35 bps gives an indication of major happenings in the economy.

The Reserve Bank of India has increased repo rates five times this year, with the total quantum now at 225 basis points. RBI governor Shaktikanta Das kept the inflation target for FY23 unchanged at 6.7% and said inflation should cool down to 5.4% by the end of Q2 FY24. Overall, the central banker said the MPC action going forward will be calibrated to keep inflation under control while supporting...

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