RBI keeping a close watch on rate transmission: Governor Shaktikanta Das

The weighted average lending rates (WALRs) on fresh and outstanding rupee loans have increased by 117 bps ( one basis point is 0.01 percent) and 63 bps, respectively, over the period May to October 2022 during which the central bank raised the benchmark policy rates by 190 basis points from 4 percent to 5.9 percent.

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