Highlights of Mid-quarter RBI’s Monetary Policy

Third quarter review of Monetary Policy is completed by Reserve Bank of India and it is published today. Main highlights of Monetary policy are as follows:

1. CRR(Cash Reserve Ratio) of scheduled banks remain unchanged at 4.25%.

2. Interest Rate (Repo Rate) remain unchanged at 8%.

3. Headline inflation has been below the Reserve Bank’s projected levels over the past two months.

4. The recent policy initiatives by the Government and further reforms should help to boost business sentiment and  improve the investment climate.

5. Headline WPI inflation edged down to 7.2 per cent in November, mainly owing to softening of prices of vegetables, minerals and fuel.

Click here to download 3rd Quarter Monetary Policy