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RBI 4th bi-monthly monetary policy review - October 2017

RBI 4th bi-monthly monetary policy review - October 2017

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

Repo Rate
6 %
Reverse Repo Rate
5.75 %
Marginal Standing Facility (MSF)
6.25 %
Bank Rate
6.25 %
Cash Reserve Ratio
4 %
Statutory Liquidity Ratio
19.5 % - Changed

Other Important Downloads
Month Covered
Monthly Current Affairs – INSHORTS – PDF
1st Sep. – 30th Sept.
Monthly Current Affairs – Ebook – PDF
1st Sep. – 30th Sept.
Monthly Current Affairs MCQ - PDF
1st Sept – 30th Sept.
Coming Soon
List of CM – Governor of All States & UT
Updated on 4th Oct. 2017
Coming – Todays EVE.  
Indias Rank on Different Index – PDF
Updated on Sept. 2017

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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