<h1>RBI Hikes Repo Rates Since April 2010 to Curb Inflation; Banks Raise Base Rates, Industry Growth at 8.8% in June 2011.</h1> The Reserve Bank of India (RBI) has periodically increased the repo and reverse repo rates since April 2010 to manage inflation and stabilize inflationary expectations. These rate hikes have led banks to raise their base rates and Benchmark Prime Lending Rates. Agricultural and industrial growth are influenced by factors beyond credit costs, such as monsoon conditions and demand-supply dynamics. Industrial growth reached 8.8% in June 2011, and a favorable southwest monsoon is expected to boost agricultural growth. The government continues to offer interest subventions to specific economic sectors and societal sections based on merit.