Facebook Twitter Google RSS

RBI raises repo rate by 25 bps to 8.25%

Hyderabad, 16 September 2011: Reserve Bank of India has hiked the benchmark interest rates by 0.25% to combat inflation.

The Bank has not changed the cash reserve ratio (CRR).

The repo rate now stands at 8.25%, while the reserve repo gets adjusted to 7.25%. The CRR remains unchanged at 6%.

Featured Update

Nokia launches Nokia X, Nokia X+ and Nokia XL Android Smartphones

25 February 2014: Nokia has announced the launch of Android smartphones in the Mobile World Congress held at Barcelona, Spain. The company ...