RBI hikes interest rates by 25 bps
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Last Updated: Tue, Oct 25, 2011 14:30 hrs
Mumbai, Oct 25 (IBNS) To combat inflation, the Reserve Bank of India (RBI) on Tuesday raised the repo rate by 25 bps to 8.5 pct.
It raised the reverse repo rate rises to 7.5 pct.
The hike is the 13th in the last 18 months.
The hike will make the loans dearer further.
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