| CRR and Interest Rates
(Source: RBI) (% per annum) | Key rates | Oct
2007 | Jan
2008 | Apr
2008 | | CRR | 7.5 | 7.5 | 8.25 | | Repo Rate | 7.5 | 7.5 | 7.5 | | Reverse Repo | 6 | 6 | 6 | | Bank Rate | 6 | 6 | 6 | | | ................................................................. |  Key rates unchanged
The Reserve Bank of India hiked the Cash Reserve Ratio by 25 basis points to tame the inflation rate. | | | ................................................................. |  The growth story
The economy is expected to grow 8.1% in 2008-09. The central bank is following the footsteps of other monetary authorities. | | |  |
|
Highlights
|
| • |
Repo
Rate unchanged at 7.75% |
| • |
CRR
hiked by 25 basis points to 8.25% |
| • |
Reverse
Repo Rate unchanged at 6% |
| • |
Bank
Rate steady at 6% |
| • |
Expects
2008/09 growth of 8.0-8.5% |
| |
|
| ................................................................. |  RBI chief's statement
Annual Policy Statement for the Year 2008-09 by Dr. Y. Venugopal Reddy, Governor, Reserve Bank of India. |
|
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|
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| |
 What's
in it for you?
With three CRR hikes viz effective April 26, May 10 and May 24, liquidity
is
the prime target. |
|
