RBI lifts up its benchmark rates by 0.25% on Tuesday

The central bank of India lifted the benchmark interest rates for the second successive month on Tuesday on a policy meeting as Governor Raghuram Rajan tries to fight against inflation in the country. The repo rate was raised by 0.25% to 7.75%, the reverse repo rate went up from 6.50% to 6.75%, while the cash reserve ratio was maintained at 4.00%.