Credit Policy: Highlights

Source SIFY

Last Updated: Tue, Oct 27, 2009 11:58 hrs

RBI: Need to downsize govt borrowing programme

Bank rate left unchanged at 6 per cent

Repurchase rate left unchanged at 4.75 per cent

Vigil on inflation trends to respond swiftly and effectively
Aims to contain inflation below 4-4.5%
Monitor liquidity situation closely and manage it actively

Maintain a regime of price and financial stability with support for growth
Aggregate deposits to grow 18%

FY10 GDP target unchanged at 6%

HTM bond ratio at 25%

Hikes inflation target to 6.5% from 5%

Keeps CRR unchanged at 5%

RBI keeps reverse repo rate unchanged at 3.25%

RBI hikes SLR to 25% from 24%

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