Reserve Bank of India in its Third Quarter Review of Annual Monetary
Policy for the Year 2005-06, has kept Bank Rate unchanged at 6.0 per
cent and Cash Reserve Ratio (CRR) at 5.0 per cent. However fixed
reverse repo rate has been increased by 25 basis points from 5.25 per
cent to 5.50 per cent.

According to RBI, on an overall assessment, the outlook for the Indian
economy has brightened considerably in the first three quarters of
2005-06. The overall stance of monetary policy is to maintain the
emphasis on price stability, continue to support export and investment
demand in the economy and provide appropriate liquidity to meet
genuine credit needs of the economy.

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