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.