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Reserve Bank Of India Hikes Repo Rate | Monetray Policy Committee | UPSC 2023

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The Reserve Bank of India (RBI) has announced a 35 basis point (bps) hike in the repo rate. This is the fifth rate hike since May 2022, taking the total quantum of rate hikes to 225 bps. In this episode of Big News, we shall discuss, What is Repo Rate?, Why did the RBI increase the Repo rate?, and its impact on the economy.

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