RBI hikes repo rate to 5.50%: what it means
The Reserve Bank of India has raised its repo rate to 5.50 per cent. The piece looks at what this could mean for India's economy and future inflation.
Context
The repo rate is the interest rate at which the RBI lends to commercial banks, and when it rises, home and car loans usually become costlier. Central banks often raise rates to bring down inflation, the steady rise in prices.
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