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Monetary Policy Review

CRR and Interest Rates
(Source: RBI) (% per annum)

Key rates
Oct 30th
Dec 18th
Jan 29th
CRR
4.25
4.25
4.00
Repo Rate
8.00
8.00
7.75
Reverse Repo
7.00
7.00
7.00
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From the PM's Advisor
The RBI could make more cuts to the repo rate if inflation remains on projected lines, the PM's economic advisor C Rangarajan said
..........................................................................................
Planning Commission
The decision to cut rates will help revive investment in the economy, Montek Singh Ahluwalia, deputy Chairman of the Planning Commission
Credit Policy - Governor of RBI, D. Subbarao
Policy measures:
Cuts repo rate by 25 basis points to 7.75 percent.
Reverse repo adjusted to 6.75 percent.
Cash reserve ratio cut 25 basis points to 4.00 percent effective fortnight beginning February 9.
Marginal Standing Facility rate adjusted to 8.75 percent.
Bank rate adjusted to 8.75 percent.
>>More
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Brokerage view
The RBI is definitely less hawkish in its statement, and we think it will remain in the easing mode in 2013. We think they will cut the repo rate by another 50 basis points in the next five months - Sujan Hajra, Anand Rathi Securities
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Banker's view
There is definitely scope for lending rates to come down. However, further growth outlook now depends on the structural reform measures that are likely to be introduced in the Union Budget - Rupe Rege Nitsure, Bank of Baroda