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Monetary policy 2010-11: In 2 minutes

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Business Standard
Last Updated : Jan 20 2013 | 1:43 AM IST
  • Repo rate raised 25 basis points to 6.5 per cent
  • Reserve repo rate increased 25 basis points to 5.5 per cent
  • Cash reserve ratio left unchanged at six per cent
  • Statutory liquidity ratio left unchanged at 24 per cent
  • March-end inflation projection raised to seven per cent compared to the 5.5 per cent anticipated earlier
  • Gross domestic product (GDP) growth projection for 2010-11 retained at 8.5 per cent, but with an upside bias
  • Money supply growth retained at 17 per cent for 2010-11
  • Non-food credit growth retained at 20 per cent for 2010-11
  • Additional liquidity support to banks under the liquidity adjustment facility (LAF) extended till April 8 from January 28
  • Second LAF to be conducted till April 8

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First Published: Jan 26 2011 | 12:27 AM IST

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