RBI Hike rates again::

RBI hikes repo rate by 25 bps, EMIs set to rise

The Reserve Bank of India on Tuesday reduced the marginal standing facility (MSF) rate by 25 basis points and hike repo rate by 25 bps. The cash reserve ratio stays unchanged in the Second Quarter Review of Monetary Policy 2013-14. 

The MSF has now been cut from 9 per cent to 8.75 per cent with immediate effect. 

The policy repo rate under the liquidity adjustment facility (LAF) has been raised from 7.5 per cent to 7.75 per cent. 

The cash reserve ratio (CRR) stays unchanged at 4 per cent of net demand and time liability (NDTL). 

The central bank has also increase the liquidity provided through term repos of 7-day and 14-day tenor from 0.25 per cent of NDTL of the banking system to 0.5 per cent.