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RBI Hikes Repo Rate By 25 Bps

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January 28: The Reserve Bank of India hiked repo rate by 25 bps to 8%. However, it kept the CRR unchanged at 4%. While announcing the monetary policy, RBI Governor Raghuram Rajan said, “The gravest risk to rupee value is from elevated CPI. And the rate hike was needed to set economy on disinflationary path.”