Highlights: RBI Q3 FY14 monetary policy review
- Reserve Bank of India (RBI) in its third quarter review of the monetary policy increased repo rate by 25 basis points from 7.75 percent to 8 percent per annum.
- Also the reverse repo rate was adjusted to 7 percent from 6.75 percent.
- It also hiked the marginal standing facility rate by 0.25 per cent to 9 per cent.
- Cash reserve ratio (CRR) remains the same at 4 percent.
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