Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
19 October, 2018 20:47 IST
RBI keeps repo rate unchanged at 6.5%; Fiscal deficit projected at 3.3%
Source: IRIS | 05 Oct, 2018, 02.36PM
Comments  |  Post Comment

The Reserve Bank of India (RBI) in its fourth bi-monthly monetary policy statement for 2018-19 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent.

The RBI said, ''On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent.

''Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent,'' it added.

The decision of the MPC is consistent with the stance of calibrated tightening of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Wholesale inflation rises to 5.13% in September 2018 - 15-Oct-2018 13:15
CPI inflation rises of 3.77% in September' 18 - 15-Oct-2018 10:07
Industial production growth eases to 4.3% in August 2018 - 12-Oct-2018 18:02
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer