Tuesday, 2 February 2016

RBI leaves repo rate, CRR, SLR unchanged

As expected by economists, the Reserve Bank of India (RBI) today left the key repo rate unchanged at 6.75 percent, saying it would want to wait for more inflation data and the Union Budget before taking action, even as it said it would continue to remain "accommodative". It also left the cash reserve ratio and statutory liquidity ratio unchanged, despite concerns that liquidity is tight in the system. In its monetary policy statement, the Reserve Bank said the Indian economy was prodding along well, but said it would take into consideration steps taken in the Budget that would boost growth while keeping inflation in check. 

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