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Repco rate hiked by 0.50 percent

  • The country's unemployment rate continues to rise. RBI has been taking some measures to control inflation as it has been rising above RBI's forecast. Accordingly, the 6-member monetary policy committee of the RBI, which met on May 4, raised the repo rate by 0.40 points.
  • As a result, the interest rate increased to 4.40 percent. Subsequently, on June 8, the repo rate increased by 0.50 percent to 4.9 percent. Following this, the repo interest rate has been increased by 0.50 points. The repo rate has been hiked by 50 basis points to 5.40 percent at the end of the two-month monetary policy.
Common Wealth Games 2022 - 7th day results
  • Indian star Bajrang Punia won the men's freestyle 65kg semi-final against England's George Ram with a resounding 10-0 victory to qualify for the final.
  • In the final, Bajrang Punia won the gold medal by defeating Lowe Bingham from Nauru 0-5. With this, he has won three consecutive medals at the Commonwealth Games. In this, he has won gold for the 2nd consecutive time. India's Deepak Punia advanced to the final after defeating Canada's Alexander Moore 3-1 in men's wrestling 86kg freestyle semi-final.
  • He faced Pakistan's Mohammad Inam in the final. In this, he won the gold medal with a score of 3-0. Mohit Gravel won bronze in the 125 kg category. Indian star Sakshi Malik cruised to a 10-0 victory over Cameroon's Edane Kolle in the women's 62kg freestyle semifinals to enter the final.
  • In the final, Canada's Ana Godinez faced Gonzalez. In this, he won the gold with a score of 4-0. Anshu Malik wrestled Sri Lanka's Nethmi Poruthotake 10-0 to advance to the finals in the women's freestyle 57kg category.
  • In the final, Anshu Malik lost 4-6 to Nigeria's Tunayo Bolazade Adekuroyoye to win the silver medal.
  • Divya won bronze in the 68 kg category. He has won the medal for the 2nd consecutive time. With this, India won 3 gold, 1 silver and 2 bronze in a single day and advanced to the 5th position in the medal list.

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