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RBI keeps key policy rates unchanged: KRChoksey
KRChoksey has come out with its report on updated monetary policy.
KRChoksey has come out with its report on updated monetary policy.
RBI keeps key policy rates unchanged
The RBI which had taken many key policy decisions before the scheduled date of review has kept all the key policy rates unchanged.
Highlights of the Monetary Policy
CRR kept unchanged; stands at 5.0%
SLR kept unchanged; stands at 24%
Repo rate kept unchanged; stands at 5.5%
Reverse Repo rate kept unchanged; stands at 4.0%
Bank rate kept unchanged at 6.0%
GDP Growth forecast scaled down to 7.0% with a downward bias
Inflation expected below 3.0% by March 2009
Will keep watch on all the inflation indices for deciding key policy measures
Sees no recovery before late 2009
Credit growth target revised to 24% from 20%
Money supply growth target revised to 19% from 16.5%-17%
To read the full report click on the attachment......
