Mumbai

RBI to release annual monetary and credit policy today

Mumbai, Reserve Bank of IndiaApr 29: Reserve Bank of India (RBI) will announce the annual the monetary and credit policy for the year 2008-09 today.

Rising inflation could impact the policy in terms of further rate hikes.

The RBI’s key policy rates were raised nine times since October 2004, while the Cash Reserve Ratio (CRR), the mandatory amounts that the banks have to keep with RBI, was raised five times since December 2006.

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