Monetary Policy Review
Feb 03, 2016 | 10:21 AM IST
Feb 03, 2016 | 10:21 AM IST
As expected, the Reserve Bank of India (RBI) on Tuesday (February 2) kept the repo rate unchanged at 6.75% with the Union Budget on the anvil and while awaiting more data on the inflation trajectory. Since its last policy-rate cut, some room for monetary easing has opened up as global growth weakened leading to a sharp decline in crude oil and commodity prices which supported lower inflation. But the RBI also wants to tame consumer price inflation (CPI) to 5% by March 2017......Read More>>
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