Wednesday 8 February 2017

RBI : 6th Bi-monthly Monetary Policy Statement 2016-17

Hello Aspirants,
As we all know that today URJIT PATEL the governor of Reserve Bank of India (RBI) has published the 6th Bi-monthly Monetary Policy Statement, 2016-17.



      So these are the Highlights of RBI's Sixth bi-monthly monetary policy statement:-
      The Reserve Bank of India has kept its key policy rate or the repo rate unchanged at 6.25 percent for the second time in a row.
      All other rates -- reverse repo rate, the marginal standing facility rate and the bank rate -- were left unchanged.

Consumer prices cooled to 3.63 percent in November, and slipped further down to 3.41 percent in the following month.

Policy Repo Rate:.           6.25%
Reverse Repo Rate:         5.75%
MSF Rate:.                        6.75%
Bank Rate:.                       6.75%
CRR :                                  4. 00%
SLR :.                                 20.50%

RBI has projected inflation in the range of 4.0 to 4.5% in the first half of the financial year and in the range of 4.5 to 5.0% in the second half.

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