Highlights Of Outset Quarter Review Of Rbi Monetary Policy 2013-14 Dated 30Th July 2013

In a coming together amongst the master copy executives of major scheduled commercial banks on Tuesday 30th July 2013 at the Central Office, Reserve Bank of India, Mumbai, the Governor of RBI Dr. D. Subbarao has announced the First Quarter Review of Monetary Policy 2013-14. Check the highlights below. 

Here are highlights of RBI’s first-quarter monetary policy review :

  • Repo charge per unit of measurement unchanged at 7.25%. 
  • The Reverse Repo Rate stood at 6.25% 
  • Marginal Standing Facility (MSF) too Bank Rate stood at 10.25%
  • Cash reserve ratio also unchanged at four percent
  • Cuts gross domestic product forecast for FY’14 to 5.5 per centum from 5.7 per centum earlier
  • Next mid-quarter review of policy on September 18; minute quarter policy review on Oct 29.
  • This is RBI Governor D Subbarao’s final policy before teach out of his v twelvemonth term.

You tin download the pdf file of RBI Monetary Policy 2013-14 outset quarter review from here

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