RBI raised repo rate by 25 bps to 7.5 percent in its mid-quarter
policy review. The policy, however, reduced the MSF rate by 75
basis points from 10.25 per cent to 9.5 percent and lowered the
minimum daily maintenance of the CRR from 99 percent to 95
percent. Consequently, the reverse repo and Bank Rate rates stand
adjusted to 6.5 percent and 9.5 percent, respectively.