'Core inflation to remain sticky'
As expected, RBI hikes key lending rate to 6.5%
The Reserve Bank on Wednesday hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. This is the sixth time interest rate has been hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of hike to 250 basis points. Highlights of RBI announcements Key benchmark policy rate hiked by 25 basis points to 6.5%, citing sticky core inflation; this is the sixth time rates have been hiked since May 2022 Annual retail inflation at 5.72% in December from 5....
