Review: Monetary Policy
Apr 11, 2016 | 14:24 PM IST
Apr 11, 2016 | 14:24 PM IST
The Reserve Bank of India (RBI) on Tuesday April 5 cut the repo rate by 25 basis points (bps) to 6.5% on the back of prudent fiscal path envisaged in the Union Budget, softer inflation and the imperative to boost the growth. The RBI also narrowed the policy rate corridor to +/-50 bps to align market driven rates closer to the repo rate. Additionally, to manage liquidity conditions, the central bank reduced the minimum daily requirement of the cash reserve ratio (CRR) from 95% to 90%.....Read More>>
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