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RBI Credit Policy

RBI Credit Policy

The Reserve Bank of India during its Mid quarter monetary Policy Review in the month of March 2011 has announced today (17th March 2011) as follows:

Monetary Measures

On the basis of the current macroeconomic assessment, it has been decided to:

* increase the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.75 per cent with immediate effect; and
* increase the reverse repo rate under the LAF by 25 basis points from 5.5 per cent to 5.75 per cent with immediate effect.

http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=24075 FOR A FULL REPORT VISIT HERE

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