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RBI Hikes Key Lending Rate By 50 Basis Points To 4.90%: Highlights
08 Jun 2022, 04:02 PM IST 
RBI may hike the policy repo rate by 40 basis points.
Reserve Bank of India (RBI) on Wednesday raised the key policy (repo) rate by 50 basis points (bps) to 4.90 per cent in its June bi-monthly meeting. The central bank is likely to concentrate interest rate hikes over the coming months in a relatively short tightening cycle. In a recent interview, RBI Governor Shaktikanta Das said that the expectation of rate hikes in June is a "no-brainer".
