NEW DELHI -- The Reserve Bank of India on Wednesday raised its benchmark repo rate by 50 basis points to 4.90%, the second hike in just over a month, as the central bank attempts to rein in soaring prices.
Economy
India's central bank raises key rate to 4.90% in 'no brainer' move
RBI attempts to curb 'steep' inflation, pinning blame on Ukraine war
The Reserve Bank of India has increased its key rate for the second time in a little over a month as inflation mounts. © Reuters
Read Next
Latest on Economy
