RBI increases repo rate by 25 bps to 6.50%
Updated : August 01, 2018 03:52 PM IST
The Reserve Bank of India increased the repo rate by 25 basis points, for the second consecutive time, to 6.50 percent in its August bi-monthly monetary policy.
The reverse repo rate was also raised by 25 basis points, to 6.25 percent.
The monetary policy committee of the central bank, which determines the policy interest rate cited inflation concerns for its decision but retained its "neutral" stance.