RBI maintains policy rates
In its mid quarter monetary policy review, the Reserve Bank of India (RBI) kept key policy rates (repo and reverse repo) unchanged. Cash reserve ratio (CRR) or the portion of deposits banks keep with the RBI was also unchanged at 4.25 per cent. The central bank maintained its October guidance about policy easing in the fourth quarter given the recent inflation patterns and projections. Liquidity conditions will be managed with a view to supporting growth as stated in the second quarter review, thereby preparing the ground for further shifting the policy stance to support growth, the central bank said in a press release.