Rbi’s Sixth Bi-Monthly Monetary Policy Review Highlights

In it’s Sixth Bi-monthly Monetary Policy Review, the Reserve Bank of Republic of Republic of India (RBI) has left the key policy rates unchanged. The cardinal banking concern volition straightaway focus on the government’s annual budget contention at the terminate Feb to produce upward one’s heed on whether to cutting involvement rates further. The regime is expected to deliver its 2016/17 budget on 29th Feb 2016. Here are the highlights

Current RBI Rates

  • Repo Rate – 6.75% (Unchanged)
  • Reverse Repo Rate – 5.75% (Unchanged)
  • CRR (Cash Reserve Ratio) – 4% (Unchanged)
  • Bank Rate – 7.75% (Unchanged)
  • MSF (Marginal Standing Facility) – 7.75% (Unchanged)
  • SLR (Statutory Liquidity Ratio) – 21.5% (Unchanged)
Few to a greater extent than highlights of RBI’s sixth Bi-Montlhy Policy Review
  • Policy to rest accommodative if financial side helps
  • Reforms inwards Budget to produce infinite for charge per unit of measurement cut
  • Expects FY17 inflation at around five pc
  • Indian economic scheme is existence viewed equally a beacon of stability
  • Pegs FY16 increment at 7.4 pc; FY17’s at 7.6 pc
  • RBI to produce a particular ecosystem for startup funding
  • Prospects for the rabi harvest are improving like shooting fish in a barrel
  • First bi-monthly monetary policy for 2016-17 on Apr 5
shared yesteryear Meenakshi Madan

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