1. RBI’s Raghuram Rajan holds ground, leaves repo rates unchanged: Highlights

RBI’s Raghuram Rajan holds ground, leaves repo rates unchanged: Highlights

RBI Governor Raghuram Rajan today kept interest rate unchanged...

By: | Mumbai | Updated: December 2, 2014 3:58 PM
RBI Governor Raghuram Rajan at a press conference in Mumbai. PTI

RBI Governor Raghuram Rajan at a press conference in Mumbai. PTI

RBI Governor Raghuram Rajan today kept interest rate unchanged, saying that a shift in stance is ‘premature’ but hinted that a cut may come early next year if inflation continues to ease and government acts on the fiscal side.

Following are the highlights of RBI’s bi-monthly monetary policy statement:

* Short-term lending (Repo) rate unchanged at 8 per cent.

* Cash reserve ratio (CRR) unchanged at 4 per cent.

* Statutory Liquidity Ratio retained at 22 per cent to unlock banking funds.

* GDP growth for current fiscal estimated at 5.5 per cent.

* Projects retail inflation at 6 per cent by March 2015-end.

* Projects retail inflation to lower in November, rise again in December.

* Says change in monetary policy stance at the current juncture is premature.

* Hints at lowering policy rate early next year if fiscal, inflation conditions improve.

* Weak revenue realisation a threat to fiscal deficit target.

* Next bi-monthly policy statement on February 3.

Calculate your income tax post budget 2018 through this Income Tax Calculator, get latest news on Budget 2018 and Auto Expo 2018. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top