Monetary and Credit Policy decisions on Jan 25,2011

Monetary and Credit Policy decisions on Jan 25,2011

1.       Repo rate raised 25 basis points to 6.5 per cent

2.       Reserve repo rate increased 25 basis points to 5.5 per cent  

3.       Cash reserve ratio left unchanged at six per cent  

4.       Statutory liquidity ratio left unchanged at 24 per cent

5.       March-end inflation projection raised to seven per cent compared to the 5.5 per cent anticipated earlier

6.       Gross domestic product (GDP) growth projection for 2010-11 retained at 8.5 per cent, but with an upside bias

7.       Money supply growth retained at 17 per cent for 2010-11

8.       Non-food credit growth retained at 20 per cent for 2010-11

9.       Additional liquidity support to banks under the liquidity adjustment facility (LAF) extended till April 8 from January 28

10.   Second LAF to be conducted till April 

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