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Highlights of RBI's monetary policy

September 29, 2015 12:00 IST

Following are the highlights of the Reserve Bank's Fourth Bi-monthly Monetary Policy statement for 2015-16:

Cuts interest rate by 0.5 per cent to boost economy

 * Repo rate adjusted to 6.75 pc, lowest in 4-years

 * Expects banks to pass on entire benefit to borrowers

 * CRR remains unchanged at 4 pc

 * GDP forecast for 2015-16 lowered to 7.4 pc

 * Tentative economic recovery underway, far from robust

 * Global environment looking weak; not good for India

 * Growth likely to pick up in later part of this fiscal

 * CPI inflation expected to reach 5.8 pc in January 2016

 * Inflation is likely to go up from Sept

 * FPI investment limit in debt securities to be fixed in rupee term

 * FPI investment limit in govt bonds to be hiked to 5 pc by 2018

 * RBI to issue final guidelines on base rate computation by November-end.

 * Fifth Bi-monthly Monetary Policy on December 1. 

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