Key highlights of RBI monitory policy ....!  

Posted by ChEthAn in


  • 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