No Change in CRR and Repo Rate: RBI

Business News: The apex bank of India, Reserve Bank of India on Monday did not change the key interest rates. The Cash Reserve Ratio (CRR) remain unchanged at 4.75 per cent and the repo rate at 8 per cent. It was expected that the RBI may have some variation in the key interest rates to protect Indian economy from the falling value of the rupees in the international market particularly against the US Dollar.

The stock markets in India will have the impact of unchanged key interest rates by the Reserve Bank of India. The markets have been in choppy trading session due the weaken rupees against US dollar.