On October 5, Reserve Bank of India (RBI) kept
repo rate unchanged at 6.50 per cent on the back of an uncertain global economic scenario. The repo rate is the rate at which the
RBI lends short-term money to banks. It was on June 6, 2018 that RBI for the first time increased repo rate by 25 basis points to 6.25 per cent in four-and-a -half years since the BJP-led
NDA came to power. On August 1, 2018, RBI hiked repo rate for the second time on the back of sustainable growth. Here's a quick review of the repo rate movement during
UPA and NDA regime.
