The Reserve bank of India (RBI) raises repo rate by 25 bps to 6.5%, reverse repo rate by 25 bps to 5.5% while holds cash reserve ratio at 6%.

• Repo Rate is hiked by 25 bps to 6.5%.
• Reverse Repo rate hiked by 25 bps to 5.5%
• CRR unchanged at 6%
• 1% SLR Leeway extended to April 8
• Inflation forecast revised to 7% vs 5.5%
• GDP forecast retained at 8.5% with upward bias.