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RBI To Announce Its Monetary Policy Today | Power Breakfast | CNBC-TV18

The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation.The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.The central bank had raised the repo rate by 40 bps in May and 50 bps each in June and August.#businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday #cnbctv18 About CNBC-TV18:

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