Diabytes
RBI rate hike News
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Earlier this month, the central bank had upped its retail inflation projection by 0.30 percent and kept the policy stance in the neutral zone, even as it hiked the key rate by 0.25 percent to 6.25 percent.
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Joining big banks, Indian Bank and Karur Vsya Bank informed the stock exchanges about hiking the MCLR by up to 10 basis points for different tenures.
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The report said a recovery in private capex is likely later this year and this will boost economic growth.
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