RBI Mid-term review of Monetary Policy 2008-09

It is a status quo policy.

a)  Bank Rate – unchanged at 6.0 per cent.

(b)  Repo Rate/Reverse Repo Rate – The repo rate under the LAF has been kept unchanged at 8.0 per cent. The reverse repo rate under the LAF has been kept unchanged at 6.0 per cent.

(c)   Cash Reserve Ratio – On a review of the current liquidity situation, it has been decided to keep the CRR unchanged at 6.5 per cent of NDT

Let me read the details and point any new development

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