Credit policy: RBI leaves repo, reverse repo rates & CRR unchanged

MUMBAI: NEW DELHI: The Reserve Bank of India (RBI) in its mid-quarterly review on Thursday kept repo and reverse repo rates unchanged at 8.5% and 7.5%, respectively, to fight rising inflation in Asia's third largest economy. RBI left cash reserve ratio (CRR) unchanged at 4.75%.


Last week, RBI slashed cash reserve ratio (CRR), the portion of deposits banks are required to keep with the central bank, by 0.75 percentage points, a step that was meant to infuse Rs 48,000 crore into the economy.