Reserve Bank of India hikes repo rate, keeps most key interest rates stable
{{date|October 31, 2006}}
[[Image:RBI-Tower.jpg||250px|thumb|The RBI headquarters in Mumbai]]
The [[w:Reserve Bank of India|Reserve Bank of India]] (RBI) has hiked the [[w:Repurchase agreement|repo]] rate by 0.25 percent to 7.25 percent, keeping the reverse repo rate unchanged at 6%. 

The [[w:Bank rate|Bank rate]] and the [[w:cash reserve ratio|cash reserve ratio]] are left unchanged at 6% and 5% respectively. 

In its mid-year review of monetary and regulatory policy, the Reserve Bank has forecast an annual GDP growth of 8.0%, as against the 7.5-8.0% forecast earlier in its annual policy statement and first quarter review. The Reserve Bank indicated that inflation will be contained between 5.0-5.5%, during the year 2006-07.

The Reserve Bank estimated real GDP growth in the first quarter of 2006-07 at 8.9%, up from 8.5% last year. 

== Sources ==

*{{source|url=http://www.ibnlive.com/news/take-heart-no-interest-hike-for-now/25113-7.html
|title=Take heart! No interest hike for now
|author=
|pub=CNN-IBN
|date=October 31, 2006}}
*{{source|url=http://www.hindu.com/thehindu/holnus/000200610311201.htm
|title=RBI keeps most key interest rates stable, hikes repo
|author=
|pub=The Hindu
|date=October 31, 2006}}
*{{source|url=http://www.hindustantimes.com/news/181_1832577,0002.htm
|title=RBI lifts repo rate to 7.25 pc, leaves others steady
|author=Press Trust of India
|pub=Hindustan Times
|date=October 31, 2006}}
*{{source|url=http://www.ndtvprofit.com/homepage/storybusinessnew.asp?template=&from=top
|title=RBI hikes repo rate
|author=
|pub=NDTV
|date=October 31, 2006}}
*{{source|url=http://in.rediff.com/money/2006/oct/31cred.htm
|title=RBI hikes repo rate; bank rate, CRR unchanged
|author=
|pub=Rediff
|date=October 31, 2006}}
*{{source|url=http://economictimes.indiatimes.com/articleshow/246637.cms
|title=India faces tough call on rate hike
|author=
|pub=The Economic Times
|date=October 31, 2006}}
*{{source-pr|url=http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=15601
|title=RBI Governor announces Mid-term Review of Annual Policy for 2006-07
|pub=Reserve Bank of India
|date=October 31, 2006}}

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[[Category:Economy and business]]
[[Category:Asia]]
[[Category:India]]
[[Category:Maharashtra]]
[[Category:Mumbai]]
The RBI headquarters in Mumbai
The Reserve Bank of India (RBI) has hiked the repo rate by 0.25 percent to 7.25 percent, keeping the reverse repo rate unchanged at 6%. 

The Bank rate and the cash reserve ratio are left unchanged at 6% and 5% respectively. 

In its mid-year review of monetary and regulatory policy, the Reserve Bank has forecast an annual GDP growth of 8.0%, as against the 7.5-8.0% forecast earlier in its annual policy statement and first quarter review. The Reserve Bank indicated that inflation will be contained between 5.0-5.5%, during the year 2006-07.

The Reserve Bank estimated real GDP growth in the first quarter of 2006-07 at 8.9%, up from 8.5% last year.
Economy and business Asia India Maharashtra Mumbai