RBI POLICY MEASURES :

• CRR hiked by 75bps to 5.75% in two stages
• Reverse Repo, Repo Rate kept unchanged
• CRR hike of 75bps to impound 360 bln rupee from banks
• First stage of CRR hike to be 50bps effective Feb 13
• Second stage of CRR hike to be 25bps effective Feb 27
• FY10 GDP forecast raised to 7.5% vs 6% earlier
• FY10 inflation projection raised to 8.5% vs 6.5% earlier