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This article was first published 9 years ago  » Business » Highlights of RBI's monetary policy

Highlights of RBI's monetary policy

Source: PTI
December 02, 2014 12:00 IST
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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 


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