Hikes repo rate to 8%, adjusts reverse repo rate at 7%, holds CRR at 4% Dailybhaskar.com | Jan 28, 2014, 11:52AM IST

New Delhi: Hawkish Governor of the Reserve Bank of India (RBI) in his stern measure to tackle inflation has hiked repo rate yet again by 25 basis points (bps) to 8%. RBI has kept cash reserve ratio (CRR) unchanged at 4%, however, in its monetary policy review on Tuesday.

                                    

The change has been extended to reverse repo rate, which stands adjusted at 7%, while the marginal standing facility (MSF) has been increased as well along with the Bank Rate at 9%.Read more