Economy

RBI hikes short-term rates by 25 bps

The Reserve Bank of India on Friday hiked its key short-term lending and borrowing rates to banks by 25 basis points to combat rising inflation, a move that could signal hardening of commercial lending rates.

The move to hike repo and reverse repo rates to 5 per cent and 3.5 per cent respectively come barely a month before the RBI was to announce monetary policy for the year 2010-11.

Why you should pay for quality journalism - Click to know more

Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Feb 20, 2020 5:56:09 PM | https://www.thehindu.com/business/Economy/RBI-hikes-short-term-rates-by-25-bps/article16576988.ece

Next Story