Reserve Bank of India, in its first monetary policy review of 2012, raised repo and reverse repo rates by 50 basis points.Now repo rate at which it lends to banks vis set at to 7.25% and reverse repo rate at which banks borrows money to 6.25%
CPI declined !!!
Consumer price index (CPI) measures of inflation declined to 8.8-9.1 per cent in March 2011 from 13.3-15.0 per cent in April 2010.
Base Rate system replaced the Benchmark Prime Lending Rate (BPLR) system
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