Reserve Bank expects the domestic growth momentum to establish & Inflation to moderate from first quarter of 2011-12. Six.seventy-five per cent and 5.seventy-five percent, respectively. CRR remained unchanged at 6%. For More Info. The Details are Described Below:-
1.The repo rate under the liquidity adjustment facility (LAF) has been increased by 50 basis points. Accordingly, it goes up from 6.75 per cent to 7.25 per cent.
2.As per the new operating procedure, the reverse repo rate under the LAF, determined with a 100 basis point spread below the repo rate, will stand adjusted at 6.25 per cent.
3.The Marginal Standing Facility (MSF) rate, determined with a spread of 100 basis points above the repo rate, gets calibrated at 8.25 per cent.
4.The Bank Rate remains at 6.0 per cent.
5.The cash reserve ratio (CRR) remains unchanged at 6 per cent of NDTL of scheduled banks.
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