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RBI Raises Key Rates

The key rates have been raised in the credit policy review. The rate revision is much higher than the expected hike of 25 basis points

Reserve Bank of India raised key rates in the credit policy review. The rate revision is much higher than the expected hike of 25 basis points as a strong measure to control inflation.

- RBI raises Repo rate by 50 bps to 7.25 per cent

- Reverse Repo rate raised by 50 bps to 6.25 per cent

- CRR & Bank rate unchanged

- Savings banks rate increased to 4 per cent from 3.5 per cent