RBI Raises Key Rates By 25 Bps; Auto, Home Loans To Cost More

Concerned over high inflation, the Reserve Bank today raised key interest rates by 25 basis points, its 12th such hike since March, 2010, making auto, home and other loans more expensive. Following the increase, the short-term lending (repo) rate stands at 8.25 per cent and the short-term borrowing rate (reverse repo) is 7.25 per cent.

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