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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 More
The 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 More
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