Reforms fail to cheer D-Street; fiscal cliff woes haunt
Sat, Dec 22, 2012 at 16:30
RBI keeps rate unchanged: The Reserve Bank of India(RBI) on Tuesday, left the key policy rate unchanged in its mid quarter (December 2012) monetary policy. With this status quo in the policy action, repo rate stood at 8 percent while reverse repo was at 7 percent. Cash reserve ratio (CRR) or the portion of deposits banks keep with the RBI also remained at 4.25 percent.