The Reserve Bank’s (RBI) decision to raise the benchmark lending rate by 35 basis points is on expected lines and indicative of softening of the intensity of rate hikes going forward, opined industry bodies and experts on Wednesday.
After effecting three consecutive repo rate increases of 50 basis points (bps) each over and above 40 bps in May, the RBI on Wednesday slowed the pace of increase in borrowing costs in signs that rates may be nearing the peak, even as it reiterated Continue Reading
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