Second 50bps hike: Repo rate's now over pre-pandemic level

In a move that will increase the cost of borrowings for businesses and individuals, including home and auto loans, the Reserve Bank of India has hiked its repo rate by 50 basis points from 4.9% to 5.4%.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HWeiPV3