India's economic growth appears to be very fragile, says RBI monetary policy committee member Jayanth R  Varma
The Reserve Bank which has been hiking the short-term lending rate since May last year has cumulatively raised the repo rate by 250 basis points. The repo rate now stands at 6.5 per cent.
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### Instruction: India's economic growth appears to be very fragile, says RBI monetary policy committee member Jayanth R  Varma

### Response: The Reserve Bank which has been hiking the short-term lending rate since May last year has cumulatively raised the repo rate by 250 basis points. The repo rate now stands at 6.5 per cent.