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:
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.
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