The Reserve Bank of India has hiked the Statutory Liquidity Ratio, SLR, or the deposits that commercial banks are to park in government securities, by one percentage point, to 25 per cent. But the Reserve Bank left other key policy rates–the repo rate, the reverse repo rate, and back rate and the Cash Reserve Ratio unchanged. Releasing the second quarterly review of the Monetary Policy, RBI Governor, D. Subbarao said that the increase in SLR will not impact the liquidity position of the banking system and credit to the private sector. The central bank retained its economic growth projection at 6 per cent, with an upward bias, for the current fiscal. But it raised its inflation estimate to 6.5 per cent, with upward bias by March-end, from 5 per cent earlier. The Reserve Bank said it will endeavour to ensure price stability and anchor inflation expectations.