Key highlights: RBI keeps key rates unchanged, CRR maintained at 4 per cent
The Reserve Bank of India has kept key rates unchanged, saying the upside risks from food price shocks remain.
- Sep 30, 2014,
- Updated Oct 22, 2014 4:32 PM IST
In line with expectations, the Reserve Bank of India (RBI) on Tuesday decided to keep key interest rates unchanged in its fourth bi-monthly policy review.
Here are the key highlights from the central bank's policy review:
> The central bank kept repo rate unchanged at 8 per cent and reverse repo rate at 7 per cent.
> Cash reserve ratio (CRR) unchanged at 4 per cent.
> Maintains FY15 GDP growth estimate at 5.5 per cent.
> Projects FY16 GDP growth at 6.3 per cent.
> Currently positioned to reach 6 per cent inflation target by 2016.
> Inflation may climb back to 8 per cent in January-March 2015.
> Expect 7 per cent inflation by Q4 of FY16.
> Upside risks from food socks persist.
> Inflation readings better on better-than-expected monsoon.
> Will bring SLR down as government finances improve.
In line with expectations, the Reserve Bank of India (RBI) on Tuesday decided to keep key interest rates unchanged in its fourth bi-monthly policy review.
Here are the key highlights from the central bank's policy review:
> The central bank kept repo rate unchanged at 8 per cent and reverse repo rate at 7 per cent.
> Cash reserve ratio (CRR) unchanged at 4 per cent.
> Maintains FY15 GDP growth estimate at 5.5 per cent.
> Projects FY16 GDP growth at 6.3 per cent.
> Currently positioned to reach 6 per cent inflation target by 2016.
> Inflation may climb back to 8 per cent in January-March 2015.
> Expect 7 per cent inflation by Q4 of FY16.
> Upside risks from food socks persist.
> Inflation readings better on better-than-expected monsoon.
> Will bring SLR down as government finances improve.