Investing.com - India’s central bank raised its benchmark repo rate for the second straight month.
In a statement, Reserve Bank of India said that the Indian Repo Rate rose to a 7.75%, from 7.50% in the preceding month.
Most analysts had expected the Indian interest rate to rise to 7.75%.
Following the release of the data, the Indian Rupee remained unchanged against its U.S. counterpart, with USD/INR trading at 61.48.
In a statement, Reserve Bank of India said that the Indian Repo Rate rose to a 7.75%, from 7.50% in the preceding month.
Most analysts had expected the Indian interest rate to rise to 7.75%.
Following the release of the data, the Indian Rupee remained unchanged against its U.S. counterpart, with USD/INR trading at 61.48.