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

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

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.