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RBI hikes CRR by 25 bps; repo, reverse repo rates intact

Apr 29th, 2008 | By Rosh PR | Category: Finance

In its Credit Policy, the RBI has hiked the CRR by 25 bps to 8.25%. It has left the repo, reverse repo rates unchanged. The RBI aims at 4-4.5% inflation going forward. It is attempting to bring down the inflation to 5.5% in FY09.

The RBI stance is very clear. It has made stabilizing inflation or price stability the first goal. That is the change in the stance. It is a slight change in language. But it is emphatic that price stability will be the major goal and the entire monetary and interest rate environment will accord highest priority to price stability and well anchored expectations and then financial market stability and then conducive to growth.

Market cheers the RBI’s credit policy

BSE : 17415.40 : Up 399.44 : 2.35%
NSE : 5189.25 : Up 99.60 : 1.96%

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Credit rating and reporting : CIBIL
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  1. » RBI hikes CRR by 25 bps; repo, reverse repo rates intact April 29th, 2008 1:43 pm :

    [...] Finance, Economy-Business News, Stock Market wrote an interesting post today onHere’s a quick excerptRBI hikes CRR by 25 bps; repo, reverse repo rates intact April 29, 2008 – 1:32 pm by Rosh PR In its Credit Policy, the RBI has hiked the CRR by 25 bps to 8.25%. It has left the repo, reverse repo rates unchanged. The RBI aims at 4-4.5% inflation going forward. It is attempting to bring down the inflation to 5.5% in FY09. The RBI stance is very clear. It has made stabilizing inflation or price stability the first goal. That is the change in the stance. It is a slight change in language. But it [...]

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