India’s central bank hiked interest rates

India’s central bank on Friday hiked interest rates for a third-consecutive time, as Asia’s third-largest economy contends with a widening trade deficit and weakening currency.

The Reserve Bank of India’s rate-setting committee raised its key lending rate by 50 basis points to 5.40 percent — a level last seen in August 2019 — three months after kicking off a monetary tightening cycle in May, reports BSS.

  Learn about the COVID-19 pandemic from News Hour  
Follow News Hour

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Contact News Hour
Join the mailing list of News Hour now

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

UNDP, Grameenphone, and BIDA to provide everyone with economic opportunity
Share Trip celebrates its 3rd anniversary
Lelin Ahmed's Journey from Rayerbazar to Virginia, USA
Selena Gomez hopes to quit acting career to be a mother eventually
Drought forces water use rethink in Spain
Lucky participants of Berger’s ‘Smritir Angina’ campaign dine with Jaya

Advertisement

Contribute to News Hour

News of the Month

August 2022
S M T W T F S
 123456
78910111213
14151617181920
21222324252627
28293031