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The Reserve Bank of India will announce the Second Quarter Review of Monetary Policy 2013-14 on October 29, 2013.
In the mid-quarter monetary policy review on September 20, the RBI, recognising that inflationary pressures are mounting, had raised the repo rate by 25 basis points to 7.50 per cent.
The central bank cut the Marginal Standing Facility rate, which is the effective policy rate today, by 75 basis points to 9.50 per cent and also reduced the minimum daily maintenance of the cash reserve ratio (CRR) from 99 per cent of the requirement to 95 per cent.
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