RBI raised Repo Rate to 8 percent

Updated : 28-Jan-2014

Repo rate raised under Liquidity Adjustment Facility (LAF) by 25 basis points from 7.75 percent to 8 percent by RBI.

Although, it kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4 percent of net demand and time liability.

This decision was taken at Third Quarter Monetary Policy Review on 28 January 2014.