RBI repo rate hiked by 25 bps to 6.25% in a first under Narendra Modi regime
RBI monetary policy review meet: This is the first time under Prime Minister Narendra Modi's regime that the interest rate has been hiked. The RBI had cut interest rate by 25 basis points in August 2017.
RBI monetary policy review meet: Repo rate now stands at 6.25 per cent. Image source: Reuters