RBI hikes repo rates by 50 basis points to control surging inflation, loans to get more expensive
Video Credit: Oneindia - Duration: 04:37s - Published
RBI hikes repo rates by 50 basis points to control surging inflation, loans to get more expensive
With immediate effect, the RBI's Monetary Policy Committee hiked the policy repo rate by 50 basis points to 4.90 percent.
"The MPC also agreed to maintain its focus on removing accommodation to ensure that inflation remains within the target going forward while boosting growth," the monetary policy statement added.
Catch the latest update as the Reserve Bank of India (RBI) grants Paytm a second chance, extending the deadline for halting transactions to March 15. Dive into the details of this development and its implications for Paytm and its users. Stay informed with our comprehensive coverage.
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The Reserve Bank of India (RBI) imposes stringent restrictions on Paytm Payments Bank, prohibiting UPI services and deposits after February 29, 2024. Learn more about the regulatory actions and their impact on Paytm's banking operations in this update.
#PayTm #RBI #ReserveBankofIndia #UPI #PaytmPayments #BankingNews #Finance #Business #DigitalPayments #OnlinePayment #Oneindia
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