RBI Hikes Key Lending Rate, Loans Set To Get Costlier
Reserve Bank of India (RBI) on Wednesday raised the key policy rate by 50 basis points (bps) to 4.90 per cent in its June bi-monthly meeting. The central bank is likely to concentrate interest rate hikes over the coming months in a relatively short tightening cycle. In a recent interview, RBI Governor Shaktikanta Das said that the expectation of rate hikes in June is a "no-brainer".
