RBI hikes benchmark lending rate by 35 basis points

Mumbai, December 7

*Global economy under mist of uncertainty; shortage of food and high fuel prices has affected poor most, says RBI Governor Shaktikanta Das.

*RBI hikes benchmark lending rate by 35 basis points to 6.25 percent: RBI Governor.

*Globally inflation remains high and broad based in the aftermath of Russia-Ukraine war: RBI Governor.

*Indian economy remains resilient; India is seen as a bright spot in a gloomy world: RBI Guv.

*Central bank’s action in line with market expectations, says RBI Governor Shaktikanta Das after 35 bps hike in repo rate.

*Monetary Policy Committee’s majority view was to withdraw accommodative stance: RBI Governor.

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