Get latest articles and stories on Business at LatestLY. Delhi- The Reserve Bank of India (RBI) has announced a repo rate hike of 25 basis points taking the total interest rate to 6.5 per cent. The RBI's decision to raise the rate was driven by concerns about inflation. However, the developers feel that RBI should now put a full stop to the repo rate hike. Business News | Repo Rate Hike by RBI: Developers Expect Stability.