As per market expectations, the Reserve Bank of India
(RBI) has kept its key rates unchanged to arrest India's rising inflation.
Cash reserve ratio (CRR) has been kept unchanged at 6%, repo rate unchanged at
8.5%, reverse repo at 7.5% while SLR is at 24%.
Immediate action was required by the Reserve Bank of India in this policy
review as India's growth rate has already plummeted to sub 7% levels. If RBI
had not halted the rate hike regime, experts feel the growth rate would have
slipped to even lower levels.
Leave a Reply