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Home / Questions / Q 435503
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Anonymous
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By how much the Reserve Bank of India has increased the Repo rate

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  1. eAnswers Team

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    Added an answer on October 29, 2018 at 8:07 am

    The Governor of the Reserve Bank of India, Raghuram Raja has announced that the policy interest rate or Repo rate has been increased by 25 basis points (bps) to 7.75% on 29th October, 2013. He also said that inflation will remain the same for the rest of the fiscal year and this step will support the slumping Indian currency.

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