RBI hikes repo rate by 40 bps to 4.0% with immediate effect: Governor

“Shortages and volatility in commodities and financial markets are becoming more acute,” Shaktikanta Das said. RBI governor Shaktikanta Das. (PTI PHOTO) Published on May 04, 2022 02:23 PM IST In an unscheduled policy review with a view to contain inflation, Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday announced that MPC voted unanimously to increase the policy repo rate by 40 basis points (bps) to 4.40 per cent with immediate effect.“Shortages and volatility in commodities and financial markets are becoming more acute,” Das said. ABOUT THE AUTHOR Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered. ...view detail Subscribe to our best newsletters Subscribed to newsletter successfully Thank you for subscribing to our Daily News Capsule newsletter. 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