Credit Policy: RBI raises policy rates, CRR by 25 bps - CNBC-TV18 -

Credit Policy: RBI raises policy rates, CRR by 25 bps - CNBC-TV18 -: "In its annual credit policy review, the Reserve Bank of India raised the repo, reverse repo rates and the CRR by 25 basis points each. This means that the CRR is hiked to 6% from 5.75%, the reverse repo is raised to 3.75% from 3.5% and the repo is increased to 5.25% from 5%. The policy rates are effective immediately, while the CRR hike will be effective from April 24.The CRR hike is expected to take away Rs 12,500 crore from the system."