The RBI on Tuesday hiked short-term lending and borrowing rates and the portion of money banks deposit with it by 25 basis points each, in a move aimed at controlling the inflation spiral without choking growth.
The apex bank hiked its repo, reverse repo (overnight lending and borrowing rates) to 5.25 per cent and 3.75 per cent, respectively, while the Cash Reserve Ratio, or the portion of deposits banks park with RBI, to 6 per cent in line with analysts' expectations.
The apex bank hiked its repo, reverse repo (overnight lending and borrowing rates) to 5.25 per cent and 3.75 per cent, respectively, while the Cash Reserve Ratio, or the portion of deposits banks park with RBI, to 6 per cent in line with analysts' expectations.
The following are the revised policy rates and reserve ratios of the central bank:
Bank rate: 6 percent
Repurchase (repo) rate: 5.25
Reverse repurchase rate: 3.75
Cash reserve ratio: 6 percent
Statutory liquidity ratio: 25 percent
Bank rate: 6 percent
Repurchase (repo) rate: 5.25
Reverse repurchase rate: 3.75
Cash reserve ratio: 6 percent
Statutory liquidity ratio: 25 percent
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