The Reserve Bank of India (RBI) announced its annual monetary policy for 2010-11 recently. Some of the important changes done are : Increased the Cash Reserve Ratio (CRR) by 25 basis points from 5.75% to 6.00% with effect from April 24, 2010. Repo rate has been increased from 5.00% to 5.25%: The repo rate is [...]
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