Reserve Bank of India Raised Interest Rates in 2018

Reserve Bank of India Raised Interest Rates in 2018

The Reserve Bank of India (RBI) said the benchmark repo rate — the level at which it lends to commercial banks — would be increased by 25 basis points to 6.25 percent. The rate was last hiked in January 2014 when it hit 8.0 percent before a series of cuts.



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