RBI CREDIT POLICY - MAY 3

-RBI CUT REPO RATE BY 0.25% (25 BPS) TO 7.25%
-REVERSE REPO RATE DOWN TO 6.25%
-NO CHANGE IN CRR, CRR STAYS AT 4%
-NO PLAN TO CUT RATE IN FUTURE : RBI
-MSF, BANK RATE DOWN TO 8.25%
-FY14 DEPOSIT GROWTH RATE FORECAST 14%
-INFLATION RATE FORECAST 5% TILL MARCH
-GDP GROWTH FORECAST DOWN TO 5.7%
-23% HTM to be effective from June-end 2013: RBI

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