The Reserve Bank of India has released its semi annual review of monetary policy.

Key measures

  • Increase in cash reserve ratio (CRR) by 50 basis points.
  • No change in policy interest rates

While many analysts are calling the policy statement neutral and attributing the CRR hike to liquidity management, the accompanying statements seem to convey a fairly hawkish view from the central bank of the country.

More on this later - possibly as an update.