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RBI Hikes Repo Rate By 25 Basis Points To 6.5%, Retains 'Neutral' Stance
01 Aug 2018, 03:17 PM IST 
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The reverse repo rate was also raised by 25 basis points, to 6.25 per cent.
The Reserve Bank of India on Wednesday raised interest rates for the second straight meeting, but retained its "neutral" stance as it aimed to contain inflation while not choking growth. The RBI's Monetary Policy Committee (MPC) raised the repo rate by 25 basis points to 6.50 percent. It is the first time since October 2013 that the rate has been increased at consecutive policy meetings.
