RBI hikes key rates by 0.25%, retains GDP forecast at 8.5%
With a view to rein in high inflation, the Reserve Bank of India Tuesday raised its key short-term lending and borrowing rates by 0.25 per cent each with immediate effect. The short-term lending (repo) rate has been hiked to 6.50 per cent and the borrowing (reverse repo) to 5.50 per cent, a move that will [...]