Reserve Bank of India

05.04.2016

Banking

RBI’s first monetary policy statement in 2016

MANU/RPRL/0099/2016

The Reserve Bank of India reduced its rate under the liquidity adjustment facility to 6.5 per cent and the cash reserve ratio to 90 per cent – a massive 5 per cent drop – in efforts to counter what it perceives are downwards trends in global markets. Reportedly, subdued crude oil prices and better than expected crop yields, despite water shortages, sustained a reduction in inflation. The RBI expects a further deceleration in inflation rates, with also potential slowdown of economic growth.

Relevant

Reduced Bank Rates MANU/RMIC/0050/2016

Consumer Price Index

Tags : Rbi interest rates liquidity

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