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RBI Hikes Repo Or Key Lending Rate To 6.25%, EMIs To Rise | Read

PUBLISHED ON: June 6, 2018 | Duration: 1 min, 43 sec

   
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The Reserve Bank of India (RBI) on Wednesday hiked the key lending or repo rate by 25 basis points to 6.25 per cent as it announced its second bi-monthly monetary policy statement for 2018-19. The repo (or repurchase) rate is the rate of interest which the RBI charges to lend short-term loans to the commercial banks.
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