The Reserve Bank of India (RBI) today (Tuesday 18th December 2012) kept key policy rates including the CRR (Cash Reserve Ratio) unchanged. While the Repo rate was maintained at 8%, CRR was also maintained at status quo of 4.25%. However, it hinted at easing of rates in January saying with decline in inflation, the focus of monetary policy would shift to removing impediments to growth. Overlooking demands of the industry and the bankers, the RBI left the short-term lending (repo) rate and the Cash Reserve Ratio (CRR) unchanged at 8% and 4.25%, respectively.
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