Monetary policy 2010-11: In 2 minutes

• Repo rate raised 25 basis points to 6.5 per cent
• Reserve repo rate increased 25 basis points to 5.5 per cent
• Cash reserve ratio left unchanged at six per cent
• Statutory liquidity ratio left unchanged at 24 per cent
• March-end inflation projection raised to seven per cent compared to the 5.5 per cent anticipated earlier
• Gross domestic product (GDP) growth projection for 2010-11 retained at 8.5 per cent, but with an upside bias
• Money supply growth retained at 17 per cent for 2010-11
• Non-food credit growth retained at 20 per cent for 2010-11
• Additional liquidity support to banks under the liquidity adjustment facility (LAF) extended till April 8 from January 28
• Second LAF to be conducted till April 8