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Comments from Mr. Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life RBI’s Monetary Policy Committee (MPC) hiked the benchmark policy rate (repo rate) by 50 bps to 5.90%. 5 out of 6 MPC members voted in favour of hiking the Repo rate by 50 bps while 1 member voted to increase it by 35 bps. … Continue reading RBI hikes rate by 50 bps to 5.9% and keeps policy stance unchanged
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