Friday, March 18, 2011

RBI raised interest rates

The Reserve Bank of India continued on a tightening mode – hiking key policy rates by 25 bps. The central bank raised its key lending rate, the repo rate, to 6.75% and its key borrowing rate, the reverse repo rate, to 5.75%. The CRR has been left unchanged. The RBI also raised its inflation forecast for March-end to 8% from 7%.

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