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RBI hikes repo rate by 25 bps, first time in four and half years

RBI hikes repo rate by 25 bps, first time in four and half years

Jun 06, 2018, at 03:28 pm

Mumbai, Jun 6 (IBNS): The monetary policy committee (MPC) of the Reserve Bank of India (RBI), headed by Governor Urjit Patel, on Wednesday, decided to hike the repo rate by 25 basis points, according to its Second Bi-monthly Monetary Policy Statement.