RBI hiked Repo rate by 25 basis Points to curb inflation

The Reserve Bank of India hiked repo ,rate at which it lend to banks, by 25 basis points, taking it to 8.25% and adjusted the reverse repo,rate at which it borrows from banks,to 7.25%.This is the 12th time that the RBI has raised key rates in the last 18 months—an effective increase of 500bps from a low of 3.25%  in March 2010 to the current repo rate of 8.25%.