The highlights of RBIs bi-monthly monetary policy statement on Dec -------------------------------------------------------------- * 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 Next bi-monthly policy on Feb 3rd 2015
Posted on: Wed, 10 Dec 2014 15:30:00 +0000
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