RBI, in its first rate move in two years and the first hike in nearly four years, raised the repo rate by 40 basis points to 4.40 per cent following an off-cycle meeting last month.source https://economictimes.indiatimes.com/industry/banking/finance/banking/axis-bank-expects-repo-rate-to-rise-to-5-75-by-end-of-this-fiscal/articleshow/91964453.cms
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