India Today

FIGHTING INFLATION

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THE MOVES

➘ On May 4, RBI raised repo rates by 40 basis points (bps) to 4.4%

➘ Cash reserve ratio requiremen­t hiked by 50 bps to 4.5%

➘ US Fed raises interest rates by 50 bps, the highest in 20 years

THE IMPACT

➘ BSE Sensex falls 1,307 points on May 4 and another 866 points by May 6

➘ On May 5, the Dow Jones Industrial Average of the US loses 1,063 points or 3.12 per cent, its worst single-day drop since 2020

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