RBI holds policy rates stead in third bi-monthly monetary review

Q.  In its third bi-monthly monetary policy review Reserve Bank of India has kept its key policy rates ________.
- Published on 27 Aug 15

a. Increased
b. Decreased
c. Unchanged
d. None of these

ANSWER: Unchanged
 
In Mumbai, RBI announced that repo rate at which the RBI lends to the system, will remain unchanged at 7.25 percent. The cash reserve ratio (CRR) which is the proportion of deposit banks have to park with the central bank, will remain at 4 percent.

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