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Highlights of RBI third bi-monthly policy statement 2018-19
- RBI hikes key interest rate (repo) by 25 bps to 6.5 per cent;
- It is 2nd consecutive hike in short-term lending rate;
- Consequently, reverse repo rate stands at 6.25 per cent;
- New marginal standing facility rate is 6.75 per cent;
- Monetary policy stance to remain neutral;
- GDP growth seen at 7.5-7.6 per cent for April-September period;
- GDP growth projection retained at 7.4 per cent for 2018-19;
- Retail inflation pegged at 4.8 p er cent for second half of current fiscal;
- 5 MPC members voted in favour of rate hike, one against;
- Next 3-day MPC meeting from Oct 3;
- 4th bi-monthly monetary policy statement on Oct 5.
- Repo Rate : 6.50%
- Reverse Repo Rate : 6.25%
- MSF (Marginal Standing Facility) : 6.75%
- Bank Rate : 6.75%
- CRR : 4%
- SLR : 19.5%
Download PDF Version of RBI 3rd Bi-Monthly Policy Review Statement 2018-19 from HERE
Satish Penumetsa
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