The Reserve Bank of India (RBI) has raised the repo rate by 25 basis points (bps) from 5.25% to 5.50%. The move follows signs that inflation is spreading beyond headline numbers into core prices. Here is what it means for the market, your loans and your investments. What is the repo rate? The repo rate is the rate at which the RBI lends money to banks. When it goes up, banks pay more to borrow, and that cost usually reaches customers through higher loan rates. The chain is si