Reserve Bank of India today raised key short-term lending and borrowing rates by 25 basis points for the 10th time since March, 2010.While the short-term lending or repo rate has been raised to 7.5 per cent, the borrowing rate has been hiked to 6.5 per cent. Subsequently, the marginal standing facility or MSF has also gone up by 25 basis points to 8.50 per cent.Other rates and ratios have been kept unchanged. RBI said, the policy initiative is expected to contain inflation and anchor inflationary expectations by reining in demand side pressures."RBI said, the measures, would also help in mitigating the impact of potentially adverse global developments. The central bank further said it would continue with its anti-inflationary stance to arrest price rise.Confederation of Indian Industry (CII) today said the Reserve Bank of India's decision to increase repo and reverse repo rates by 25 basis points each is on expected lines. CII Director General Chandrajit Banerjee said in a statement that his chamber hoped that there would not be further hikes in key rates amidst growing signs of slowdown in economic and investment activities.