Highlights of RBI policy (rediff.com)
Story date: 2007-10-29 11:55:05
Added on: 2007-10-30 19:00:30
Bank Rate, Repo Rate and Reverse Repo Rate kept unchanged The flexibility to conduct overnight repo or longer term repo including the right to accept or reject tender(s) under the LAF, wholly or partially, is retained. CRR increased by 50 basis points to 7.5 per cent effective fortnight beginning November 10, 2007. GDP growth forecast retained at 8.5 per cent during 2007-08.
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