Home   >>    Loan   >>    Home Loan   >>     Overview
Get Home Loan Offers
A maximum of 5 providers will compete to give you the best rates (Oct 2020)
Yes No    

Preferred Banks
  •  Any 5
  •  HDFC
  •  DHFL
  •  HSBC


I authorize the website and its partner providers like HDFC Ltd, ICICI Bank, DHFL and other banks/NBFCs to call or SMS me in connection with my application & agree to the Privacy Policy and Terms of use

RBI hikes CRR by 25 basis points to 8.25 per cent

RBI hikes CRR by 25 basis points to 8.25 per cent

Apnaloan.com Research Bureau

30 Apr 2008

The effect of rising inflation due to hike in oil prices was seen in the Reserve Bank of India's (RBI) annual Credit Policy meet. There was focus on measures to tighten liquidity. RBI hiked the Cash Reserve Ratio (CRR) by 25 basis points to 8.25 per cent, leaving the key rates such as repo and reverse repo rates unchanged at 7.75 per cent and 6 per cent respectively.

RBI aims to bring down the inflation to 5.5 per cent in 2008-09, while on the long term it expects inflation to be around 4-4.5per cent.

On April 17, 2008, RBI had announced a 50 basis points hike in CRR for banks in two phases - April 26 and May 10.

Know more about home loans and interest rates on Apnaloan.com.