For second consecutive time RBI hikes interest rates by 50 points; RBI Guv says “ Inflation beyond tolerance level”

Mumbai, India News Stream: For the second consecutive time, The Reserve Bank of India hiked the benchmark lending rates by 50 basis points to 4.90 per cent flagging concerns on the rising inflation and tepid growth as it retained the GDP forecast at 7.2 per cent for  the fiscal 2022-23.

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