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Repo Rate : RBI Hikes It By 25 Bps To 6.25% On Inflation Fears
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Following a cycle of rate cuts begun in January 2015, the RBI on Wednesday raised its key interest rate for the first time by 25 basis points (bps) to 6.25 per cent, responding to concerns on inflation from surging global crude oil prices, as per a central bank announcement. The Reserve Bank of India (RBI),…
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