RBI hikes Repo & Reverse Repo rates 13th time since March 2010, keeps CRR unchanged

The Outcome of RBI meeting scheduled on 25th October 2011 is as follows:

1.   RBI hikes key bank rates 13^th time since March 2010.
2. The Repo rate now stands at 8.5%.
3.  Reverse Repo rate now stands at 7.5%
4. The bank kept cash reserve ratio (CRR) unchanged at 6%.
5.  RBI also deregulated savings bank deposit rate with immediate effect.
6. Cut its growth forecast for the current fiscal year to 7.6% from 8.0%. 

·         Food inflation climbed to 10.60% for the week ending October 8 from the same period a year earlier, according to government data.

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