RBI hikes Repo rate by 25 basis points to 5.50%
Rate hike after nearly three-and-a half years. STC NEWS DESKSRINAGAR, OCTOBER 07 (STC): The Reserve Bank of India announced its bi-monthly monetary policy today and its monetary policy committee (MPC) has unanimously decided to increase the repo rate by 25 basis points, from 5.25% to 5.50%.The key rate hike comes after nearly three-and-a half years…

