RBI announcements in its Annual Monetary Policy Review.

The RBI has made the following announcements in its Annual Monetary Policy Review yesterday:
-Repo Rate is increased by 50 basis points to 7.25% with immediate effect.
-Reverse Repo Rate is increased by 50 basis points to 6.25% with immediate effect.
-In line with the Deepak Mohanty Committee’s recommendations, the RBI has introduced a new Marginal Standing Facility (MSF) for banks to borrow up to 1% of their NDTL at 100 basis points over the new Repo Rate. The banks who do not have -surplus SLR can now borrow over-night money from the RBI at 8.25% pa..
-Savings Rate has been hiked from 3.5% pa to 4% pa.
-Both CRR and Bank Rate has been left unchanged at 6%.