RBI hikes key rate, keeps stance 'neutral'

By Suvashree Choudhury and Swati BhatMUMBAI (Reuters) - The Reserve Bank of India (RBI) on Wednesday raised its policy rate for the first time in over four years, due to inflation concerns, and it surprised some analysts by keeping its policy stance as "neutral".The RBI's monetary policy committee lifted the repo rate by 25 basis points to 6.25 percent.

This is the first change since a 25 bps cut in August 2017.The hike, the first since January 2014, was predicted by 46 percent of respondents in a Reuters poll this week.The reverse repo rate.

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