NEW DELHI -- The Reserve Bank of India on Friday raised its benchmark repo rate by 50 basis points to 5.90%, the fourth hike since May, joining global peers in taking aggressive measures to tackle rising prices against the backdrop of Russia's war in Ukraine.
Economy
India hikes key interest rate to 5.90% amid 'alarming' inflation
RBI lifts benchmark by 50 basis points, Das cites 'spillover' from advanced nations
The Reserve Bank of India, headquartered here in Mumbai, is trying to tamp down inflation. © Reuters
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