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March 29, 2024 3:20 pm

Reserve Bank of India raises repo rate by 25 basis points

Mumbai, February 8

The Reserve Bank on Wednesday hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation.

This is the sixth time interest rate has been hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of hike to 250 basis points.

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