RBI hikes repo rate by 25 bps for second time in a row to 6.5%
The RBI's monetary policy committee in its third bi-monthly monetary policy review of 2018-19 on Wednesday hiked repo rate by 25 bps for the second time in a row to 6.5%. In its June policy meet, the repo rate was hiked by 25 basis points. Repurchase (repo) rate is the rate at which the RBI lends money to commercial banks.