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Credit Policy: RBI raises policy rates, CRR by 25 bps

This article was posted on Apr 20, 2010 and is filed under Market News

In it annual credit policy review, the Reserve Bank of India raised the repo, reverse repo rates and the CRR by 25 basis points each. This is in line with street expectation, although a section of the market was expecting a 50 bps hike in the CRR. Markets have started witnessing a relief rally, both on bonds and equities.

Inflation concerns topped the list of tasks at hand and it was known that the apex bank would act on the policy rates.

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