The Reserve Bank of Indias (RBI) main policy repo rate was boosted by 35 basis points on Wednesday . The increase is the fifth increase in the current cycle .
The Reserve Bank of India's (RBI) main policy repo rate was boosted by 35 basis points on Wednesday, the fifth increase in the current cycle, which has remained above the central banks tolerance range for ten months in a row.The standing deposit facility rate and the marginal standing facility rate were also lowered by the same margin, and the reverse repo rate was unchanged at 3.35%.For more information, please visit the central bankswebsite: www.rbi.org.in.Featured Video Of The DaySensex declines over 500 points, resulting in losses for the third day in a row.