RBI Monetary Policy Committee hikes policy rate by 35 bps to 6.25 per cent

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RBI Monetary Policy Committee hikes policy rate by 35 bps to 6.25 per cent

An out-of-turn meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India was held in early November to discuss and draft the report to be sent to the central government for having failed in maintaining the inflation mandate.