When they raised the repo rate by 25 basis points, they became known. The repo rate has been raised by the RBI twice in the past four years. The rate is now 6.50%, 50 basis points higher than it was four years ago, when it was 6.00%.

What is the Repo Rate?
The rate at which the central bank lends money to commercial banks when they fail to maintain a suitable balance is known as a repo rate. The central bank (RBI) decides this balance. If a commercial bank is unable to keep such a balance, they can borrow the money at interest from the RBI.