Reserve Bank of India has unchanged the policy Repo Rate at 8 per cent citing significant upside risk to its medium term inflation target. With this decision, the home loans and car loans are likely to stay as it is. The trade analysts were expecting a slight slide of the repo rate but ended in a disappointment.

The cash reserve ratio [CRR] also stays at 4 per cent and the statutory liquidity ratio [SLR] unchanged, said the central bank. The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point.

(AW: Vamshi)