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Barring the hike in Statutory Liquidity Ratio, the deposits that commercial banks are to park in government securities, the central bank left other key policy rates and ratios unchanged.
Although the one percentage point hike in SLR could suck up over Rs 30,000 crore from the system, the average SLR of banks is already at 27.6 per cent.
"As such the increase in SLR will not impact the liquidity position of the banking system and credit to the private sector," RBI Governor D Subbarao said, releasing the second quarterly review of the Monetary Policy.
Maintaining the easy credit flow to the private sector would help increase economic activity.
RBI retains economic growth projection to six per cent with upward bias for the current fiscal, while upping inflation estimate to 6.5 per cent with upward bias by March end from five per cent earlier.
"As always the Reserve Bank will endeavour to ensure price stability and anchor inflation expectations," the central bank said.
IDBI Bank Executive Director Sushil Munot said the signal is quite clear that RBI does not want to hurt growth, but wants to check inflation. It is nevertheless a signal of reversal of easy monetary policy.
India look to Yuvraj to boost batting against Australia S S Ramaswamy Nagpur, Oct 27 (PTI) Bolstered by the return of dashing Yuvraj Singh, India would look wrest the initiative when they go into the second cricket one-dayer against Australia in India's western city Nagpur Wednesday with the visitors being hit hard by injuries to three key players.
The home team sorely missed left-handed Yuvraj's explosive batting in the middle overs as well as his left-arm slow bowling since he was forced out of cricket after sustaining a finger injury in South Africa before the Champions Trophy.
The hosts will also seek to exploit the injury-induced absence of Australian pacers Brett Lee and Mitchell Johnson as well as all-rounder James Hopes who have been ruled out of the day-nigh encounter.
Down 0-1 in the seven-match rubber following their narrow four-run defeat in Vadodara on Sunday, the hosts would be keen to put an end to their inconsistent run in the 50-over format since their short tour of the West Indies in June-July.
Mahendra Singh Dhoni's men have won only five out of a dozen matches they had played from the series in the Caribbean, losing an equal number while two ties have ended in no result.
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