RBI raises repo rate by 0.25%; loans to become dearer
PUBLISHED ON: October 25, 2011 | Duration: 23 min, 27 sec
The quarterly monetary policy review announcement by the Reserve Bank of India (RBI) on Tuesday has dampened festive spirit. The RBI has raised repo rate by 0.25 per cent to tame inflation. This is the 13th rate hike during the last 18 months.
