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LIVE RBI Monetary Policy Review: Part of investigative team looking into Panama leaks, says Raghuram Rajan

By Archana Khatri Das | Last Updated: Tuesday, April 5, 2016 - 11:54
Zee Media Bureau

Zee Media Bureau

The Reserve Bank of India on Tuesday slashed repo rate by 0.25 percent to 6.50 percent in its first bi-monthly monetary policy review.

But in a surprise move, the RBI also raised the reverse repo - or the rates lenders charge to the central bank - by 0.25 percent to 6 percent, while taking measures to ensure more availability of cash in the banking system.




Latest Updates

11:54 AM

Minister of State for Finance Jayant Sinha: Rate cut good stimulus for economy

11:47 AM

RBI Gov: We have no intent to publish willful defaulter list

RBI Gov: Release of loan defaulter list would result in undue anxiety and panic and would impact business

RBI Deputy Gov: RBI along with CBDT, ED, FIEO involved in Panama Papers leak investigation.

11:33 AM

RBI: expect CPI inflation to be around 5% in 2016-17

RBI Gov: Have cut rates by 150 basis points since the easing cycle began

RBI Gov: May sell some domestic assets to make room for foreign assets




11:32 AM

RBI Governor Raghuram Rajan: Act of default sometimes not because of ones own mistake

11:32 AM

RBI Gov: It is important that investigation (against loan defaulters) not done through the press

RBI Gov: If banking sector has suffered, it does not necessarily mean that corruption was involved


11:30 AM

RBI Governor Raghuram Rajan:Hope to see significant monetary transmission 

RBI Gov: If the monsoon is not good, then obviously that will imply some reduction ( in growth estimate)

11:28 AM

RBI Governor Raghuram Rajan: Rate cut sensible given the status of economy

RBI Governor Raghuram Rajan: Large bank loans to particular (business) groups need to come down in time


11:21 AM

RBI Gov Raghuram Rajan: We are part of investigative team that is looking into Panama Papers leak

11:20 AM

RBI deputy gov: Impact of 7th Pay Commission will be slightly lagged

11:13 AM

RBI Governor Raghuram Rajan: Good monsoon, fall in core inflation to give room for rate cut

First Published: Tuesday, April 5, 2016 - 11:54
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