RBI increases Repo Rate to 8%
RBI has yet again increase the policy rates. * Repo Rate hiked by 50 bps to 8%, effective immediately * Reverse Repo Rate adjusts 50 bps higher to 7% * Cash Reserve Ratio kept unchanged at 6% All bank related interest rates can be seen here - MAIN HIGHLIGHTS * Retains FY12 GDP growth projection around 8% * Ups Mar-end inflation projection to 7% vs 6% earlier * Inflation to remain elevated for "few more months" * Cuts FY12 M3…