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Chennai
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday increased the repo rate by 35 basis points (bps) to 6.25 per cent to contain inflation.
The repo rate, also called the policy rate, is the interest at which RBI lends money to commercial banks.
RBI Governor Shaktikanta Das, heading the MPC, announced the rate hike.
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.webp "Prime Minister Narendra Modi with the President of Ramakrishna Mission Swami Gautamananda Maharaj")
