Oct 30, 2012

RBI cuts CRR by 25 basis points and monetary policy for second quarter 2012-13

Reserve Bank of India issued the review of monetary policy of second quarter of 2012-13 and custs the cash reserve ration by 25 basis points from 4.5% to 4.25%. There is global slowdown in the economy so RBI takes the cautions steps for maintaining  of growth rate. There is no change in the repo rate, bank rate and MSF rate. Full monetary policy of Reserve bank of India can be seen by here.
Tags- monetary policy,monetary policy for 2012-13