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Financial markets are relatively stable and in orderly conditions, says RBI. Read more

Bankers feel there would be no impact due to hike in repo rate, but realty loans may become costiler. Read more

Hike in repo rate will give a signal to the banking and finance system to lend judiciously, says Minna Kumar.
Mid-term review of Credit Policy 2006-07
Credit Policy highlights
Repo Rate increased to 7.25 per cent from 7.0 per cent
Reverse Repo Rate, Bank Rate and CRR kept unchanged
GDP growth forecast at around 8.0 per cent during 2006-07
Inflation to be contained within 5.0-5.5 per cent during 2006-07

Item/wk ended
Apr
2006
Jul
2006
Oct
2006
CRR
5
5
5
Repo Rate
6.5%
7%
7.25%
Reverse Repo
5.5%
6%
6%
Bank Rate
6
6
6
Statement by P. Chidambaram

Welcoming the RBI's mid-term review of credit policy, Chidambaram said the hike in repo rate would ensure moderate growth in bank credit and would not impact interest rates. Read on
What is monetary policy?

A macroeconomic policy tool used to influence interest rates, inflation, and credit availability through changes in the supply. View Slideshow

Inflation pressures continue to remain despite the recent growth momentum. Read more.

Banks get more time to implement Basel-II norms. The extended deadline will enable banks to ensure full compliance. Check out

Why Monetary and Credit Policy?
The world of finance is a maze of jargons. Read on.