RBI’s sixth bimonthly monetary policy review keeps repo rate unchanged at 6.25%.
MSF and Bank rate kept unchanged at 6.75%.
FY17 GVA seen at 6.9% FY18 GVA seen at 7.4% with rick evenly balanced. CPI seen below 5%.Consequently, the reverse repo rate under the LAF remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.
The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving consumer price index (CPI) inflation at 5% by Q4 of 2016-17 and the medium-term target of 4% within a band of +/- 2%, while supporting growth.
Repo rate is the rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds.
Sensex is trading at 28160.10 levels down by nearly 200 points or 0.62%. Nifty is trading at 8741.15 levels down by nearly 50 points.
MSF and Bank rate kept unchanged at 6.75%.
FY17 GVA seen at 6.9% FY18 GVA seen at 7.4% with rick evenly balanced. CPI seen below 5%.Consequently, the reverse repo rate under the LAF remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.
The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving consumer price index (CPI) inflation at 5% by Q4 of 2016-17 and the medium-term target of 4% within a band of +/- 2%, while supporting growth.
Sensex is trading at 28160.10 levels down by nearly 200 points or 0.62%. Nifty is trading at 8741.15 levels down by nearly 50 points.
No comments:
Post a Comment