Hike in repo rate, CRR: bank rates unchanged

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Mumbai, July 29 (UNI) The Reserve Bank of India (RBI) today hiked Cash Reserve Ratio (CRR) by 25 basis point to 9 percent from existing 8.75 per cent, Repo rate by 50 basis point to 9 per cent from existing 8.5 per cent, keeping reverse rapo rate and bank rate unchanged at 6 per cent.

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