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.