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The Reserve Bank of India (RBI) is playing catch-up after ignoring inflationary trends for long. The out-of-turn rate hike of 40 basis points in May has been followed by a 50 basis point (bps) hike in repo in June. The market was expecting this and even more aggressive measures such as hikes in CRR (Cash Reserve Ratio) and SLR (Statutory Liquidity Ratio).
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First Published: Wed, June 08 2022. 17:44 IST
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