Highlights: RBI credit policy

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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