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Since May last year, RBI has hiked the repo rate six times in a row taking the total hike to 250 bps. The repo rate has shifted from 4% to a four-year high of 6.50%. ....
The central bank since May last year has raised the repo rate by 250 basis points to control inflation, which has stayed above the RBI's tolerance limit of 6 per cent for two consecutive months since January. ....