RBI hikes repo rate by 50 bps to 5.4%, highest level since pre-Covid
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The Reserve Bank of India on Friday increased the policy repo rate by 50 basis points to 5.4 per cent, governor Shaktikanta Das announced. The repo rate is now back to pre-pandemic levels, and the highest since 2019.

In simple words, repo rate is the interest charged by the Reserve Bank of India when commercial banks borrow from them by selling their securities to the central bank. Since May, the central bank has raised benchmark rate by 1.40 per cent.

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