RBI ups CRR, repo rate to check inflation

Action

March 30, 2007CRR hiked by 50 bps to 6.5%; Repo rate hiked by 25 bps to 7.75% Feb 14, 2007CRR hiked by 50 bps to 6% Jan 31, 2007Repo rate hiked by 25 bps to 7.5% Jan 31, 2007General provisioning on standard commercial real estate loans, personal loans & capital market loans doubled to 2% Dec 11, 2006CRR hiked by 50 bps to 5.5%  Oct 31, 2006Repo rate raised by 25 bps to 7.25% July 25, 2006Reverse repo and repo rates hikes 25 bps each to 6% and 7% respectively June 8, 2006RBI raises reverse repo and repo rates by 25 bps to 5.75% and 6.75%, respectively  The RBI will also reduce the interest on CRR balances from 1 per cent to 0.5 per cent.  The rise in the repo rate will make it more expensive for banks to access overnight liquidity from the central bank.  The central bank