Yak Rbi Tertiary Bi-Monthly Monetary Policy Review 2018-19 Highlights

In its 3rd bi-monthly monetary policy review, the monetary policy commission of the Reserve Bank of Republic of Republic of India (RBI) today hiked Repo charge per unit of measurement yesteryear 25 bps for the instant fourth dimension inwards a row to 6.5%. This deed aimed at keeping inflation nether check.  This was the outset fourth dimension since Oct 2013 that the primal depository financial establishment hiked the Repo Rate (the charge per unit of measurement at which it lends to commercial banks)  at 2 consecutive policy meetings. Five of the 6 members on the charge per unit of measurement panel voted for the charge per unit of measurement increase.  The Reverse repo charge per unit of measurement (the charge per unit of measurement at which the RBI borrows from commercial banks) was raised yesteryear 25 Earth points, to 6.25 per cent. Here are consummate highlights of today's RBI's Monetary Policy review 201-19.

Highlights of RBI 3rd bi-monthly policy arguing 2018-19

• RBI hikes key involvement charge per unit of measurement (repo) yesteryear 25 bps to 6.5 per cent;
  
• It is sec consecutive hike inwards short-term lending rate;
• Consequently, opposite repo charge per unit of measurement stands at 6.25 per cent;
• New marginal standing facility charge per unit of measurement is 6.75 per cent;
• Monetary policy opinion to rest neutral;
• GDP growth seen at 7.5-7.6 per cent for April-September period;
• GDP growth projection retained at 7.4 per cent for 2018-19;
• Retail inflation pegged at 4.8 p er cent for instant one-half of electrical flow fiscal;
• 5 MPC members voted inwards favour of charge per unit of measurement hike, ane against;
• Next 3-day MPC coming together from Oct 3;
• 4th bi-monthly monetary policy arguing on Oct 5.

Current RBI Policy Rates 2018

• Repo Rate : 6.50%
• Reverse Repo Rate : 6.25%
• MSF (Marginal Standing Facility) : 6.75%
• Bank Rate : 6.75%
• CRR : 4%
• SLR : 19.5%

Download PDF Version of RBI 3rd Bi-Monthly Policy Review Statement 2018-19 from HERE

Satish Penumetsa 

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