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Dr. Urjit Patel, the new RBI governor and the recently formulated Monetary Policy committee (MPC) and presented their first monetary policy on 04-Oct-2016. The committee comprises of 6 members, 3 members from the RBI and 3 members appointed by the Government.
Read MoreThe Reserve Bank of India came out with the 3rd Bimonthly Monetary Policy statement of this fiscal today. As expected by us, the RBI maintained its repo rate at 7.25% and kept the CRR and SLR unchanged at 4% and 21.5% respectively.
Read MoreIn line with our expectations, the RBI has kept key policy rates unchanged in its 2nd Bi-monthly Monetary Policy statement of this fiscal. However, the underlying tone of the policy remains accommodative, and would be guided by macro-economic data including the implementation of 7th Pay Commission recommendations, monetary transmission and the monsoons.
Read MoreIn line with our expectations, the RBI has reduced the benchmark repo rate by 0.25% to 6.5% in its first Bi-monthly Monetary Policy statement of the new fiscal year.
Read MoreIn Budget FY17 the finance minister maintained the fiscal consolidation roadmap as outlined in 2015 with the fiscal deficit target for the coming year at 3.5% of GDP.
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