Moneycontrol PRO

business

RBI hikes repo, reverse repo rates by 25 bps each

In line with street expectations, the Reserve Bank of India in its first monetary policy review of 2011 raised repo and reverse repo rates by 25 basis points to 6.5% and 5.5%, respectively.

first published: Jan 25, 2011 11:27 am

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347