
The six-member
Monetary Policy Committee (MPC) of the central bank, headed by Governor Urjit Patel, Civil
services chronicle kept key rates
unchanged on 04 Oct in the fourth bin•
monthly monetary policy review of
the financial year 2017-18.. Civil services chronicle The RBI kept the policy repo
rate under the liquidity adjustment facility
(LAF), at which the RBI lends to banks, unchanged at 6.0 per cent. The
reverse repo, at which RBI borrows
from banks, continues to beat 5.75 per cent. civil services chronicle magazine-latest The
marginal standing facility (MSF) rate and
the Bank Rate remain at 6.25 per cent.
The committee left the cash reserve ratio (CRR) unchanged at 4 per cent, but cut the statutory liquidity ratio (SLR) requirement by 50 basis points to 19.5 per cent. civil services chronicle
magazine-latest After a
record low in Jun, inflation is trending
up and estimated the headline number to touch 4.6 per
cent by the Mar
quarter. civil services chronicle magazine-latest
The RBI
cut economic growth forecast to 6.7 per cent from 7.3 per cent for
FY18.
It projected inflation at
4.2-4.6 per cent in the
second half