 Financial markets are relatively stable and in orderly conditions, says RBI. Read more | | |
 Bankers feel there would be no impact due to hike in repo rate, but realty loans may become costiler. Read more | | |
 Hike in repo rate will give a signal to the banking and finance system to lend judiciously, says Minna Kumar. | | | |
| Mid-term review of Credit Policy 2006-07 | |
| | | Credit Policy highlights | | • | Repo Rate increased to 7.25 per cent from 7.0 per cent | | • | Reverse Repo Rate, Bank Rate and CRR kept unchanged | | • | GDP growth forecast at around 8.0 per cent during 2006-07 | | • | Inflation to be contained within 5.0-5.5 per cent during 2006-07 | | | | | | | |
| Item/wk ended | Apr
2006 | Jul
2006 | Oct
2006 | | CRR | 5 | 5 | 5 | | Repo Rate | 6.5% | 7% | 7.25% | | Reverse Repo | 5.5% | 6% | 6% | | Bank Rate | 6 | 6 | 6 | | |
 Statement by P. Chidambaram
Welcoming the RBI's mid-term review of credit policy, Chidambaram said the hike in repo rate would ensure moderate growth in bank credit and would not impact interest rates. Read on |  What is monetary policy?
A macroeconomic policy tool used to influence interest rates, inflation, and credit availability through changes in the supply. View Slideshow | | | | |
 Inflation
pressures continue to remain despite the recent growth momentum.
Read
more. |
| |
 Banks get more time to implement Basel-II norms. The extended deadline will enable banks to ensure full compliance. Check out | | |
Why Monetary and Credit Policy?
The world of finance is a maze of jargons. Read on. | | | |
