- SLR cut by 50 bp to 22.5% of deposits, further change to depend on fiscal consolidation
- reverse repo rate on hold at 7%
- cash reserve ratio unchanged at 4%
- raises forex remittance limit to $125k from $75k
- RBU may ease monetary policy should inflation slow faster than forecast
- risks to central bank forecast of 8% CPI by 2015 remain “broadly balanced”
Reserve Bank of India announcement a few moments ago
