The Reserve Bank of India's key policy repo rate was raised by 50 basis points on Friday, the third increase in as many months to cool stubbornly high inflation.
RBI hikes the Repo rate by 50 bps: Loan EMIs to go up: The Reserve Bank of India (RBI) hiked the repo rate by 50 basic points and this is the second increase in the last five weeks. The decision was taken at the conclusion of the Monetary Policy Committee Meeting for three days on June 8th.