RBI has increased the policy repo rate

 

RBI's repo rate hike takes market by surprise, investors get poorer by ₹6.27 lakh cr

• RBI has increased the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to 4.40% with immediate effect. Further, the standing deposit facility (SDF) rate stands adjusted to 4.15%, and the marginal standing facility (MSF) rate and the Bank Rate to 4.65%.