July 28, 2010 8:29 AM
RBI hikes short-term lending and borrowing rates
In a far reaching decision RBI today hiked two key short-term rates to address the growing concern of high inflation.In the monetary policy unveiled by the apex bank today in Mumbai, the bank Governor D. Subbarao has hiked the repurchase rate by a quarter percent raising it to 5.75 percent and the r...