Rbi Third Bi-Monthly Monetary Policy Review 2018-19 Highlights

In its 3rd bi-monthly monetary policy review, the monetary policy commission of the Reserve Bank of Republic of Republic of India (RBI) today hiked Repo charge per unit of measurement yesteryear 25 bps for the minute fourth dimension inward a row to 6.5%. This deed aimed at keeping inflation nether check.  This was the commencement fourth dimension since Oct 2013 that the primal banking corporation hiked the Repo Rate (the charge per unit of measurement at which it lends to commercial banks)  at 2 consecutive policy meetings. Five of the vi members on the charge per unit of measurement panel voted for the charge per unit of measurement increase.  The Reverse repo charge per unit of measurement (the charge per unit of measurement at which the RBI borrows from commercial banks) was raised yesteryear 25 dry reason points, to 6.25 per cent. Here are consummate highlights of today’s RBI’s Monetary Policy review 201-19.

Highlights of RBI 3rd bi-monthly policy tilt 2018-19

  • RBI hikes key involvement charge per unit of measurement (repo) yesteryear 25 bps to 6.5 per cent;
  • It is sec consecutive hike inward short-term lending rate;
  • Consequently, opposite repo charge per unit of measurement stands at 6.25 per cent;
  • New marginal standing facility charge per unit of measurement is 6.75 per cent;
  • Monetary policy opinion to rest neutral;
  • GDP growth seen at 7.5-7.6 per cent for April-September period;
  • GDP growth projection retained at 7.4 per cent for 2018-19;
  • Retail inflation pegged at 4.8 p er cent for minute one-half of electrical flow fiscal;
  • 5 MPC members voted inward favour of charge per unit of measurement hike, 1 against;
  • Next 3-day MPC coming together from Oct 3;
  • 4th bi-monthly monetary policy tilt on Oct 5.

Current RBI Policy Rates 2018

  • Repo Rate : 6.50%
  • Reverse Repo Rate : 6.25%
  • MSF (Marginal Standing Facility) : 6.75%
  • Bank Rate : 6.75%
  • CRR : 4%
  • SLR : 19.5%

    Satish Penumetsa 

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