India’s central bank hikes cash reserve ratio again, keeps key rates same

April 29th, 2008 - 1:51 pm ICT by admin  


Mumbai, April 29 (IANS) The Reserve Bank of India hiked the cash reserve ratio (CRR) by 25 basis points to 8.25 percent in its monetary policy announced Tuesday morning, while keeping the repo rates and reverse repo rate unchanged, in an effort to keep inflation down to 4-4.45 percent.

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