The most recent rate hike took place in June 2018. The repurchase option rate is referred to as the repo rate. It refers to the interest rate at which the RBI loans money to business banks. India's MPC raised the repo rate 50 bps to 5.40% from 4.90%. Get more trending news and information only at Aggiler. Read complete information here- https://www.aggiler.com/rbi-s-new-policy-rbi-rate-increased-by-0-50