Highlights Of RBI's Fourth Bi-monthly Monetary Policy

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Reserve Bank of India (RBI) surprised the markets as RBI governor Raghuram Rajan cuts repo rate by 50 basis points from 7.25 per cent to 6.75 per cent.

    In 2015, this is the fourth such cut by the central bank and total of 1.25 per cent cut this year.

    Highlights Of RBI's Fourth Bi-monthly Monetary Policy
     

    Here are highlights of the RBI monetary policy

    1. The RBI kept the current reverse repo rate and the Cash Reserve Ratio or CRR unchanged.

    2. RBI says inflation is expected to reach 5.8 per cent in January 2016.

    3. Limit for FPI investment in govt bonds to be increased in phases to 5 per cent of outstanding stock by March 2018.

    4. The RBI cut the GDP forecast to 7.4 per cent for the current fiscal from 7.6 per cent.

    5. The RBI has permitted Indian corporates to issue rupee denominated bonds with a minimum maturity of five years at overseas locations within the ceiling of foreign investment permitted in corporate debt.

    6. RBI said that it will issue final guidelines on base rate computation by November-end.

    GoodReturns.in

    Read more about: rbi interest rates rate cut
    Story first published: Tuesday, September 29, 2015, 12:22 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more