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    HomeNewsBusinessEconomyRBI hikes key rates: Here's how it affects you

    RBI hikes key rates: Here's how it affects you

    The RBI has continued its upward interest rate revision policy of the past one year by yet again hiking the interest rates by 50 basis points. Here's a review of what is in store for the common man with the new changes.

    July 26, 2011 / 23:12 IST

    By BankBazaar.com


    The RBI has continued its upward interest rate revision policy of the past one year by yet again hiking the interest rates by 50 basis points. The new repo rates are 8% and the corresponding reverse repo rate (1% lesser than repo rates) is 7%. This in effect will mean that things are going to be costlier on the borrowing front.


    Here's a review of what is in store for the common man with the new changes.


    The announcements:

    first published: Jul 26, 2011 03:55 pm

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