Live: RBI hikes repo rate by 50bps, pegs GDP growth at 7.2%

RBI Monetary Policy LIVE Updates: The Reserve Bank of India has hiked the repo rate by 50 basis points to 5.4 per cent with immediate effect. The RBI Monetary Policy Committee raised the policy repo rate by 90 basis points in May and June. RBI retained its economic growth projection at 7.2 per cent for current fiscal. Stay with TOI for all latest updates.