While announcing the Annual Monetary Policy announcement for 2011-12, Reserve Bank of India (RBI) increased the Repo Rate by 50 basis points from 6.75 per cent to 7.25 per cent and Reverse Repo Rate from 5.75 per cent to 6.25 per cent under the Liquidity Adjustment Facility (LAF) with immediate effect. No changes have been made in the Bank Rate which will remain at 6%.
RBI have further decided to increase the Savings Bank Deposit Interest Rate from the present 3.5 per cent to 4.0 per cent p.a. with immediate effect.
Source : RBI Website
Also See : Current Policy Rates and Reserve Ratios (SLR, CRR, Bank Rate, Repo, Reverse Repo)
