India's central bank RBI is interested to reduce inflation and to increase GDP from 8.2% to 8.4% in 2010-2011. For this, it will increase all policy rates. Repo and reverse repo will be increased by 0.25%. In June 2010, it was 10.55%.
RBI said in media said ,"The major policy concern would be to contain inflationary pressures and anchor inflationary expectations.It would continue exiting from its easy money regime to check double-digit inflation, while ensuring stable economic growth."Update : RBI has hiked Repo and Reverse repo rate only two second ago.