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RBI Credit Policy 2011: Repo rates, Reverse Repo rates increased

The Reserve Bank of India (RBI) today increased the credit policy rates to combat increasing inflation.

The repo rate has been increased by 0.50 percentage points to 7.25 per cent and the reverse repo rate also has been increased by 0.50 percentage points to 6.25 per cent.

The Cash reserve ratio (CRR) and bank rate left unchanged at 6 per cent each.

As a result of this move the Interest rates on savings bank deposits will be increased from 3.5 per cent to 4 per cent

For full text of the RBI Credit Policy Click here

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