Saturday, August 2, 2008

Repo Rate and CRR

The Repo rate was 7.5 percent on 31st January 2007.It was hiked to 7.75 with effect from 30th March 2008 and to 8 percent from 11th June 2008.It was revised upwards to 8.50 percent with effect from 24th June 2008.It has been hiked to 9 percent with effect from 29th June 2008
As reagrds CRR it was 6 percent on 13th February 2007.It was hiked to 6.50 percent from 30th March 2007.It was revised upwards to 7 percent with effect from 31st July 2007.It was hiked to 7.50 percent from 30th October 2007.It was hiked to 8 percent from 17th April 2008 and to 8.25 percent from 29th April 2008.With effect from 24thJune 2008it was hiked to 8.75 percent.Recently i.e with effect from July 2008 CRR was hiked to 9 percent.

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