2- In its Annual Monetary Policy Review, the RBI reduced its policy repo rate under LAF by 25 bps to 7.25% with immediate effect. Consequently the reverse repo and MSF rate (which is equivalent to bank rate) set to 6.25% and 8.25% respectively. The RBI kept the CRR and SLR unchanged.
3- According to the latest World Bank Development Update for India, the Indian economy would grow at 6.1% in 2013-14 on account of robust domestic demand, strong savings and investment rate.
4- The ECB lowered the main refinancing rate by 25 bps to 0.50% and the rate on the marginal lending facility by 50 bps to 1.00%, but kept the deposit facility rate unchanged. The ECB will continue its refinancing operations at least until mid-2014.