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RBI increased Repo rate

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1 RBI increased Repo rate on Fri Sep 20, 2013 2:18 am

RBI increased Repo rate by 25 basis points to fight inflation. This is the first policy review under leadrship of new Governor Raghu Ram Rajan.
The Reservre Bank of India raised repo rate 7.25%, RBI reduced minimum daily maintenance of the cash reserve ratio from 99% to 95% and reduced marginal standing facility rate by 75 basis points to tighten liquidity measures.

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