RBI has hiked short term lending or repo rate by 0.25 percentage points. It will be now 5.75 per cent. The short-term borrowing or reverse repo rate has been hiked by 0.50 percentage point to 4.50 per cent. The cash reserve ratio or CRR and bank rate have been kept unchanged at 6 per cent. The RBI also raised economic growth forecast to 8.5 per cent for 2010-11 fiscal from earlier 8 per cent. Inflation projection has been raised to 6 per cent for fiscal end from 5.5 per cent earlier. RBI has kept cash reserve ratio or CRR and bank rate unchanged at 6 per cent.