RBI raises repo rate by 25 bps to 7.75%, holds CRR
RBI raises repo rate by 25 bps to 7.75%, holds CRR
Last Updated : Oct 29 2013 | 1:42 PM IST
In a bid to anchor inflationary expectations, the Reserve Bank of India on Tuesday hiked the repo rate by 0.25% to 7.75% in its second quarter monetary policy review. It however, slashed the Marginal Standing Facility (MSF) rate by 0.25 to 8.75%. The RBI has left the Cash Reserve Ratio (CRR) unchanged at 4%.