Fourth Bi-monthly Monetary Policy Statement, 2017-18
Reserve Bank of India Presented the Fourth Bi-Monthly Monetary Policy Review. On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to:
- Key policy rate kept unchanged at 6 percent.
- Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent.
- Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.
- The RBI said that after hitting a record low level in June, inflation is trending up and estimated the headline number to touch 4.6 percent by the March quarter.
Main Key Points - You Need TO Know
- Urjit Patel says that implementation of GST has rendered short-term prospects uncertain.
- RBI has said that CPI (consumer price index) for the January-March and April-June quarters of 2018 is seen at 4.6 percent. CPI for October-December 2018 is seen at 4.9 percent, RBI said.
- Cuts economic growth forecast to 6.7 percent from 7.3 percent for FY'18
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Policy
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Rates
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Repo Rate
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6 %
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Reverse Repo Rate
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5.75 %
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Marginal Standing Facility (MSF)
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6.25 %
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Bank Rate
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6.25 %
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Cash Reserve Ratio
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4 %
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Statutory Liquidity Ratio
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19.5 % - Changed
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Other Important Downloads
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Content
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Month Covered
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Link
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Monthly Current Affairs – INSHORTS – PDF
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1st Sep. – 30th Sept.
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Monthly Current Affairs – Ebook – PDF
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1st Sep. – 30th Sept.
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Monthly Current Affairs MCQ -
PDF
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1st Sept – 30th Sept.
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Coming
Soon
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List of CM – Governor of All States & UT
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Updated on 4th Oct. 2017
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Coming
– Todays EVE.
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Indias Rank on Different Index – PDF
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Updated on Sept. 2017
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Note: Those who had already downloaded "Monthly Current Affairs - Inshorts / E-book". Note down the Banking Rates at the Blank Space Given in PDF.
The next meeting of the MPC is scheduled on 5 and 6 December, 2017.
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