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RBI rates unchanged in 2nd bi-monthly monetary policy review for year 2016-17

RBI rates unchanged in 2nd bi-monthly monetary policy review for year 2016-17
07 June 2016 Current Affairs: The Reserve Bank of India (RBI) in its second bi-monthly monetary policy review for year 2016-17 has maintained status quo in key policy interest rate. The key policy interest rates were kept unchanged on the basis of an assessment of the current and evolving macroeconomic situation in the country. RBI has kept its stance on the credit policy accommodative.

Repo rate under the liquidity adjustment facility (LAF) : unchanged at 6.75 per cent. 

Reverse repo rate under the LAF : unchanged at 5.75 per cent. 

Marginal standing facility (MSF) rate and the Bank Rate has unchanged at 7.75 per cent. 

Cash Reserve Ratio (CRR) of scheduled banks : Unchanged at 4.0 per cent of net demand and time liability (NDTL). 

Growth forecast pegged at 7.6% for the current fiscal. 

Inflation target : It was kept unchanged at 5% for January 2017 with upward bias Public investment: It is gaining strength and continuing weakness in private investment is a concern.


December 2016 Current affairs
9 DEC
NEWS
8 DEC
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7 DEC
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6 DEC
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5 DEC
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3 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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28 NOV
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26 NOV
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25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
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25 AUG
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