Congress attacks PM Modi over RBI’s first repo rate hike since 2023
- Congress leader Jairam Ramesh on Thursday attacked PM Modi over the Reserve Bank's interest rate increase.
- The central bank raised the repo rate by 25 basis points to 5.50%, its first hike since February 2023.
- Ramesh said loan instalments will rise just before the festive season, squeezing middle and poor households.
- Quoting an old film song, he said Modi was celebrating 25 years in office while the economy slid into crisis.
Source: newindianexpress.com
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