Rbi Fifth Bi-Monthly Monetary Policy Review 2016-17 Highlights

Taking everyone past times surprise, Reserve Bank of India‚Äôs Governor Urjit Patel today kept the Repo charge per unit of measurement unchanged inwards RBI’s fifth Bi-Monthly Monetary Policy review, fifty-fifty every bit the cardinal depository financial establishment lowered gross domestic product increment charge per unit of measurement to 7.1 per cent and brusk term disruption inwards economical activities due to demonetization. Here are the major highlights of RBI’s fifth Bi-Monthly Monetary Policy Review.

 RBI Monetary Policy Review Highlights 2016-17

  • Repo charge per unit of measurement unchanged at 6.25%, Reverse repo at 5.75%
  • Cash reserve ratio or CRR unchanged at 4%
  • Cuts increment forecast to 7.1%, from 7.6% for this fiscal
  • Inflation target remains 5% for March 2017, upside risk
  • Demonetisation to lower prices of perishables, could trim down inflation past times 10-15 the world points past times December
  • All MPC members voted inwards favour of condition quo inwards policy
  • Demonetisation to upshot inwards short-run disruptions inwards cash-intensive sectors
  • Crude cost volatility, surge inwards financial marketplace turbulence could pose March halt inflation target at risk
  • Foreign telephone substitution reserve rose to all-time high of $364 billion on Dec 2
  • RBI injected Rs. 1.1 lakh crore liquidity through OMO purchases this fiscal
  • This is the outset monetary policy review later De-monetization. 
  • This was the minute monetary policy review headed past times Urjit Patel later he took accuse every bit the RBI Governor inwards September this year. 
  • In the final policy review inwards October, the RBI cutting the repo charge per unit of measurement past times 0.25% to 6.25%.
  • Next monetary policy on Feb 8.

Check latest RBI Policy Rates amongst explanations from hither

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