RBI Credit Policy: RBI cuts #RepoRate by 25 bps to 6.50%, keeps #CRR unchanged at 4%.
Cuts daily #CRR maintenance to 90% of requirement. Reduces #MSF rate by 75 bps to 7%.
RBI reduces #MSF rate by 75 bps to 7% & increases Reverse Repo by 25 bps to 6%.
RBI to remain 'accommodative.' #RBIPolicy.
RBI increases Reverse Repo by 25 bps to 6% on account of new rate corridor.
RBI narrows policy rate corridor to 50 bps from 100 bps. Retains gross value added forecast for FY17 at 7.6%.
See inflation around 5% for FY17 with small inter-quarter variations. Inflation to slow 'modestly', remain around 5% in FY17.
Marginal cost-based lending to help rate transmission. Borrowing now significantly cheaper & will continue to be so.
No longer need to maintain significant liquidity deficit. Announces Rs 15,000 cr of OMO purchase.
Cuts daily #CRR maintenance to 90% of requirement. Reduces #MSF rate by 75 bps to 7%.
RBI reduces #MSF rate by 75 bps to 7% & increases Reverse Repo by 25 bps to 6%.
RBI to remain 'accommodative.' #RBIPolicy.
RBI increases Reverse Repo by 25 bps to 6% on account of new rate corridor.
RBI narrows policy rate corridor to 50 bps from 100 bps. Retains gross value added forecast for FY17 at 7.6%.
See inflation around 5% for FY17 with small inter-quarter variations. Inflation to slow 'modestly', remain around 5% in FY17.
Marginal cost-based lending to help rate transmission. Borrowing now significantly cheaper & will continue to be so.
No longer need to maintain significant liquidity deficit. Announces Rs 15,000 cr of OMO purchase.
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