Indian Economy & Policy
| August 02
Impact of the RBI’s Repo rate Hike and beyond
the RBI’s Repo rate Hike and beyond
As expected, the RBI announced a repo rate hike in its third bimonthly
policy meet of 2018-19, on August 1, 2018. The repo rate now stands at 6.5%.
After being reduced consistently since 2015, the central bank has raised the
rate in two consecutive bi-monthly policies, by 25 basis points each time.
Why this action?