The Reserve Bank of India (RBI) has now completed the process of re-aligning the interest rate corridor, bringing the MSF (Marginal Standing Facility) rate and the repo rate within the 100 bps spread. To this effect, in its second quarter review, the central bank hiked the repo rate by 25 bps to 7.75 per cent and reduced the MSF rate by 25 bps to 8.75 per cent.
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