Reserve Bank on India on Tuesday kept the bank rate and cash reserve ratio unchanged, but hiked reverse repo and repo rates by 0.25 per cent to 5.5 per cent and 6.5 per cent respectively, as part of measures to rein in inflation.
2005-06 GDP growth revised upwards to 7.5-8 per cent
- Inflation unchanged at 5-5.5 per cent
- Reverse repo rate up by 0.25 per cent to 5.50 per cent
- Repo rate hiked by 0.25 per cent to 6.50 per cent
- Bank rate kept unchanged at 6 per cent
- Cash Reserve Ratio unchanged at 5 per cent
- Money supply higher than projection of 14.5 per cent
Aggregate deposits higher than Rs 2,60,000 crore
PLR unchanged across banks
Credit by banks up 23.3 per cent at Rs 2,56,441 cr
Interest rates firmed up in almost all segments
Call money rates rose to 6.58 per cent in Jan, 2006
91 & 365 day treasury bill rates up to 6.19, 6.30 pc
Deposit rates of over one yr maturity rose to 5.5-7 pc
FDI inflow at $3.6 bn in Apr-Oct, 2005
Food credit increased moderately by Rs 1,979 cr
Non-food credit rose by 24 per cent at Rs 2,54,462 cr
Food grain production target at 215 mt achievable
Signs of slowdown in private corporate sector
Centre's fiscal deficit at Rs 1,12,949 cr in Apr-Nov
Centre's revenue deficit at Rs 87,181 cr in Apr-Nov
