RBI hikes repo rate to 4.90%, loans to get dearer

June 08, 2022 10:14

RBI Governor Shaktikanta Das: The MPC voted unanimously to increase the policy repo rate by 50 bps to 4.90%. Consequently, the standing deposit facility - the SDF rate - stands adjusted to 4.65% and the marginal standing facility - MSF rate and bank rate - to 5.15%.

Das said that the Indian economy remained resilient and the RBI will remain supportive to growth. He said the war in Ukraine has led to globalisation of inflation.

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