Rbi Credit / Monetary Policy Review Xix March 2013 Highlights

The Reserve Bank of Republic of Republic of India cutting its Benchmark Policy Rate past times 25 footing points Today (19th March 2013 – Tuesday), for the mo fourth dimension since the showtime of the twelvemonth (earlier on January 29th it has cutting the Repo Rate together with CRR past times 25 footing points. Read that postal service here). The Reserve Bank of Republic of Republic of India lowered its repo charge per unit of measurement to 7.50 portion together with left the cash reserve ratio for banks unchanged, inwards business amongst expectations.

Here are the Highlights of  RBI Monetary Policy Review of March xix 2013:

    he Reserve Bank of Republic of Republic of India cutting its Benchmark Policy Rate past times  RBI Credit  / Monetary Policy Review xix March 2013 Highlights

  • The Reserve Bank cuts the Repo Rate past times 25 footing points to 7.5% (earlier it was 7.75%)
  • Reverse Repo Rate is straightaway 6.50 (earlier it was 6.75)
  • Bank Rate is straightaway 8.50 (earlier it was 8.75)
  • It keeps CRR unchanged at 4%.
  • SLR is straightaway 23%
  • MSF is straightaway 8.50 (Earlier it was 8.75)
  • Limited headroom for farther monetary easing
  • Risk on CAD, inflation rest significant
  • Govt. has to rest committed to increase growth, financial consolidation
  • RBI to ensure adequate credit menstruation to productive areas
  • High retail inflation remains betoken of concern
  • High nutrient inflation worsening
  • Deceleration of service sector is a concern
  • Headline inflation expected to rest at electrical flow levels inwards FY14.
  • Demand render gap to maintain pull per unit of measurement area on inflation
  • Competitive charge per unit of measurement necessary but non plenty to revive investment.
  • Government has a critical constituent to play inwards pushing growth.
  • RBI volition maintain to cope liquidity through OMOs 

 

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