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RBI raises repo rate by 25 bps to 7.75%, holds CRR

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Business Standard

RBI raises repo rate by 25 bps to 7.75%, holds CRR

In a bid to anchor inflationary expectations, the Reserve Bank of India on Tuesday hiked the repo rate by 0.25% to 7.75% in its second quarter monetary policy review. It however, slashed the Marginal Standing Facility (MSF) rate by 0.25 to 8.75%. The RBI has left the Cash Reserve Ratio (CRR) unchanged at 4%.

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