RBI hikes repo rate by 25 basis points to 5.5 pc; changes stance to 'calibrated tightening'

Mumbai, Oct 07: After nearly three-and-half years, the Reserve Bank of India on Wednesday raised key benchmark policy rate by 25 basis points to 5.5 per cent in a bid to tame rising inflation amid continuing West Asia crisis. With the rate hike, home loans, vehicle loans and corporate loans would b…