RBI hikes repo rate by 25 bps at 8.00 pc

Written by:
Subscribe to Oneindia News

Mumbai, June 11 (UNI) In the backdrop of mounting inflationary pressures the Reserve bank of India today hiked the repo rate by 25 basis points to eight per cent from 7.75 per cent with immediate effect.

The Apex Bank in a release here said that the repo rate under the Liquidity Adjustment facility (LAF) had been hiked by 25 basis points after a review of the current macroeconomic and overall monetary conditions and with a vie tocontain inflation expectations.

More UNI PP VK VKG1914

Please Wait while comments are loading...