January 25, 2011 2:05 PM
To rein in inflation, RBI hikes key rates by 0.25%
The Reserve Bank of India today raised the repo rate and the reverse repo rate by 0.25 per cent, each, with immediate effect, in order to curb inflation. The repo rate is the rate at which RBI lends, short-term, to commercial banks while the reverse repo rate is the rate at which it borrows, short-t...