Channel: Prof K Nageshwar

Category: News & Politics

Tags: rbi ఆర్థిక నీతిcan inflation be tackled by interest rate hike?mlc nageshwar raorbi increases interest ratesవడ్డీ రేట్లు పెంచితే ధరలు తగ్గుతాయాreserve bank of india (rbi) raised the repo ratewhy did rbi increase rate hikesrbi governor shaktikanta dasprof k nageshwar analysismlc nageshwarprof nageshwarprof k nageshwar latestprof k nageshwar raoprof k nageshwar

Description: వడ్డీ రేట్లు పెంచితే ధరలు తగ్గుతాయా, RBI ఆర్థిక నీతి|| Can inflation be tackled by interest rate hike? The Reserve Bank of India (RBI) raised the repo rate - at which it lends money to commercial banks - by 40 basis points to 4.4%. The rate had been reduced to a record low of 4% during the Covid-19 pandemic. RBI governor Shaktikanta Das made the surprise announcement during an online media briefing on Wednesday. The RBI also announced a 50 basis point increase in the cash reserve ratio - the percentage of cash that banks need to keep in reserve against their total deposits - to suck out excess liquidity from the system. The decision came amid soaring prices of food and fuel, with inflation at an 18-month high and higher global prices filtering through into India. bbc.com/news/world-asia-india-61317082