RBI Q3 Monetary Policy Review: Key Highlights
Quotes

RBI Q3 Monetary Policy Review: Key Highlights

Last Updated: Tuesday, January 28, 2014, 13:16
 
 Comment 0
 
RBI Q3 Monetary Policy Review: Key Highlights
Mumbai: Following are the highlights of RBI's third quarter review of monetary policy:

* Key lending rates hiked by 0.25 percent to 8 percent

* Cash reserve ratio kept unchanged at 4 percent

* Marginal Standing Facility (MSF) rate stands at 9 percent

* GDP growth to be less than 5 percent in current fiscal

* Growth to improve to 5.5 percent in 2014-15

* Current Account Deficit to be below 2.5 percent this fiscal

* March-end inflation could exceed 8 percent

* Rate hike will set economy securely on disinflationary path

* Growth likely to lose momentum in Q3 of 2013-14.

* Slowdown in economy getting increasingly worrisome

* Inflation is a tax that is grossly inequitable, falling hardest on the very poor

* Fiscal and monetary authorities should continue to work for macroeconomic stabilisation

* Henceforth, policy review to take place every two months. Next review on April 1.


PTI

First Published: Tuesday, January 28, 2014, 11:46


Comments


comments powered by Disqus
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster
Forbes 2015 Rich List
Forbes 2015 Rich List
Audi TT Coupé
Audi TT Coupé

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved