Reverse repo rate hiked by 25 bps

Reverse repo rate hiked by 25 bps

Our Banking Bureau / Mumbai January 25, 2006

Repo rate hiked to 6.5%; GDP target raised from 7-7.5% to 7.5-8%.

The Reserve Bank of India (RBI) today increased the reverse repo rate by 25 basis points to 5.50 per cent as a