The Reserve Bank of India would review its mid -term monetary policy on October 29. Some sources in the finance ministry have disclosed that the apex bank would not change the key parameters such as CRR, repo and reverse repo rates. 

The financial institutions and banks are already facing the liquidity problem and pressure from the international financial crisis. The apex bank had reduced CRR by 25 basis points to 9 per cent in July this year.

The union government would also release Rs 25,000 crore to the banks against the agriculture-debt waiver scheme implemented by banks. The amount is expected to be released in October end or November this year. 

This amount would be more that one percent cut in the cash reserve ratio. The apex bank has already hiked CRR four times in the current fiscal. The apex bank has also revised repo rates by 1.25 per cent to tame the ever increasing inflation in the country.

The central bank is also closely watching the depreciation of rupee as compare to the American dollar. The union government is likely to slow the reforms in the banking sector following the global financial crisis.