Reserve Bank of India, the central bank of the world’s fifth largest economy, raised its policy rate to a four-year high on Wednesday. The repo rate was hiked by 35 basis points in the fifth increase by RBI in this financial year.

India's central bank hikes policy rate, GDP projected at 6.8 per cent in FY23

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India's central bank hikes policy rate, GDP projected at 6.8 per cent in FY23