Civil services chronicle

Civilservices chronicle 

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