Banking & Bancassurance
RBI raises key policy rate by 50 bps to rein in inflation, slashes growth target to 7.2% from 7%

RBI raises key policy rate by 50 bps to rein in inflation, slashes growth target to 7.2% from 7%

RBI retained the inflation projection at 6.7 percent for the current fiscal while slashing the real GDP growth estimate to 7 percent from the earlier forecast of 7.2 percent for FY'23. India's annual retail inflation rate accelerated to 7% in August, driven by a surge...