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Reserve Bank of India hikes key rate 25 bps to 6.50 percent

Aug 01, 2018, at 03:51 pm

Mumbai, Aug 1 (IBNS):  The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) increased its repo rate for the second straight meeting on Wednesday, keeping a “neutral” stance with a view to containing inflation but not affecting growth.

RBI hikes repo rate by 25 basis points to 6.5 per cent for the second time

Aug 01, 2018, at 03:00 pm

Mumbai, Aug 1 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday raised the repo rate by 25 basis point to 6.5 per cent, reports said.