In an unexpected move, RBI Governor Shaktikanta Das announced on Wednesday that the Monetary Policy Committee (MPC) unanimously voted to raise the policy repo rate by 40 basis points (bps) to 4.

RBI hikes rates by 40 basis points with immediate effect: Governor Shaktikanta Das

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40 basis-points

RBI hikes rates by 40 basis points with immediate effect: Governor Shaktikanta Das