Apr 18, 2009
RBI's Annual Policy Statement - 2009-10
Consistent with the current assessment of macroeconomic and monetary conditions, the Reserve Bank has decided to:
1) reduce the repo rate under the LAF by 25 basis points from 5.0% to 4.75% with immediate effect.
2) reduce the reverse repo rate under the LAF by 25 basis points from 3.5% to 3.25% with immediate effect.
3)keep the CRR unchanged at 5.0% of net demand and time liabilities (NDTL).
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