Highlights: RBI credit policy
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Last Updated: Tuesday, July 28, 2009, 12:49
  
Mumbai: Following are the highlights of the first quarterly review of RBI’s annual monetary policy

  • Key short-term rates, ratios unchanged

  • Repo rate at 4.75 percent, reverse repo 3.25 percent

  • Bank rate at 6 percent, CRR 5 percent

  • Growth pegged at 6 percent with upward bias for 2009-10

  • WPI to be negative for a few more months

  • Inflation seen at 5 percent by fiscal-end

  • Enough liquidity in the system

  • Fiscal deficit remain a challenge

  • Large borrowings can crowd out private investment

  • Need to push financial sector, governance reforms

  • Money supply growth to remain at over 20 percent

    Bureau Report


    First Published: Tuesday, July 28, 2009, 12:49


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