The key rates have been raised in the credit policy review. The rate revision is much higher than the expected hike of 25 basis points
03-May-2011•Value Research
Reserve Bank of India raised key rates in the credit policy review. The rate revision is much higher than the expected hike of 25 basis points as a strong measure to control inflation.
- RBI raises Repo rate by 50 bps to 7.25 per cent
- Reverse Repo rate raised by 50 bps to 6.25 per cent
- CRR & Bank rate unchanged
- Savings banks rate increased to 4 per cent from 3.5 per cent
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