The Reserve Bank of India (RBI), in its mid-term review of the monetary policy for 2005-06, today kept the Bank Rate unchanged at 6%.The reverse repo rate has been increased by 25 basis points with effect from October 26, 2005 to 5.25% from the current level of 5%."The repo rate will continue to be linked with the reverse repo rate," RBI said, adding the spread between the two rates has been retained at 100 basis points. Accordingly, the fixed repo rate under liquidity adjustment facility (LAF) would be 6.25% with effect from October 26, 2005.The cash reserve ratio (CRR) has been left unchanged at 5%.
