×

Sign In

India central bank raises key repo by 40 bps in off-cycle move

By Syndicated Content May 4, 2022 | 4:45 AM

MUMBAI (Reuters) – The Reserve Bank of India’s monetary policy committee raised the key lending rate by 40 basis points on Wednesday, citing persistent inflationary pressures in the economy, governor Shaktikanta Das announced.

The MPC raised the key lending rate or the repo rate by 40 basis points to 4.40%, Das said.

(Reporting by Swati Bhat and Nupur Anand; Editing by Andrew Heavens)

Three dead in Minneapolis shooting, including shooter, Justice Department official says

Ofer Harduf rejoins JPMorgan from venture capital firm as bank expands tech team, memo shows

Anthropic forms national security advisory council to guide AI use in government

Analysis-Nvidia to set tone for booming AI leveraged ETF market

Brazil might challenge tariffs in US courts, finance minister says

Judge extends block on Trump administration's efforts to deport migrant Abrego