Rbi’s 1St Monetary Policy Review 2018-19 Highlights

In it’s first monetary policy meeting of the novel financial twelvemonth 2018-19, the Reserve Bank of Bharat (RBI) today kept the Repo Rate unchanged at 6%. This the fourth time when the RBI maintained condition quo on repo charge per unit of measurement at 6%, which is lowest inward over vii years since Nov 2010. The contrary repo charge per unit of measurement remains at 5.75%, together with the marginal standing facility (MSF) charge per unit of measurement together with the Bank Rate at 6.25%. Here are the consummate highlights of RBI’s Monetary Policy Report – Apr 2018.

RBI monetary policy Apr 2018 Highlights

  • RBI decided to keep condition quo for the 4th fourth dimension inward a row.
  • Policy Repo Rate nether the liquidity adjustment facility (LAF) remained unchanged at 6.0%.
  • Reverse Repo Rate nether the LAF remains at 5.75%
  • Marginal Standing Facility (MSF) charge per unit of measurement also every bit the Bank Rate stands at 6.25%.
  • The RBI remains theatre on its neutral stance, from its before stand upward of beingness accomodative.
  • RBI revised the inflation projection to 4.7-5.1% inward the kickoff one-half of the financial twelvemonth 2018-2019 together with 4.4% inward H2.
  • Dr Chetan Ghate, Dr Pami Dua, Dr Ravindra H Dholakia, Dr Viral V. Acharya together with Dr Urjit R Patel voted inward favour of the monetary policy decision. Dr Michael Debabrata Patra voted for an growth inward the policy charge per unit of measurement of 25 footing points.
  • The minutes of the Monetary Policy Committee (MPC)’s coming together volition endure published yesteryear Apr 19, 2018.
  • The adjacent coming together of the Monetary Policy Committee (MPC) is scheduled on June five together with 6, 2018.
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