September 16, 2011

RBI raises key rates by 25 bps

Reserve Bank of India today raised key interest rates by 25 basis points (bps) in its mid-quarter monetary policy review. This being the 12th hike by the central bank this year.

Repo rate hiked to 8.25% from 8.0%.

Reverse repo hiked to 7.25% from 7.0%

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