After meeting for the first time in 2011, the Reserve Bank of India, in an expected move, raised repo and reverse repo rates by 25 basis points to 6.5% and 5.5%, respectively.
In accordance to a CNBC-TV18 poll of bankers and economists, the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) have been left unchanged.
The central bank upped its inflation forecast to 7% from the current 5.5%.
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