RBI hikes interest rates again by 0.25%, EMIs to go up further

The Reserve Bank on Tuesday hiked the repo rate by 0.25 percent to 7.75 percent in its second quarter monetary policy review in a bid to anchor inflationary expectations. The central bank, however, slashed the Marginal Standing Facility (MSF) rate by 0.25 to 8.75 percent. The RBI has left the Cash Reserve Ratio (CRR) unchanged at 4 percent.

Oct 29, 2013, 12:21 PM IST