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RBI's No-Change Policy Review Brings Relief

PUBLISHED BY: SURENDER KUMAR
DECEMBER 18, 2013

   
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The Reserve Bank has kept its key policy rates unchanged in the mid-quarter monetary policy review. The repo rate remains unchanged at 7.75 % while the cash reserve ratio (CRR) stays at 4 % of net demand and time liability (NDTL).

 

 

 

 

However, RBI Governor Raghuram Rajan has said that the central bank can take action mid-way outside the policy if food inflation does not soften.

 

 

 

In the face of high inflation, economists were expecting a 25 basis point hike in the repo rate (the interest rate at which banks borrow overnight funds from RBI) to curb inflation.






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