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    HomeNewsBusinessEconomyCredit Policy: Fund managers view

    Credit Policy: Fund managers view

    Navneet Munot, CIO, SBI Mutual Fund commented, "The genie of inflation is out of bottle but RBI’s policy action clearly indicates its helplessness in containing the damage.

    January 25, 2011 / 17:06 IST

    The Reserve Bank of India, RBI, has raised Repo Rate and Reverse Repo Rate by 25 basis points each to 6.5% and 5.5% with immediate effect, in its first monetary policy review of 2011. It has kept the CRR (Cash Reserve Ratio) and SLR (Statutory Liquidity Ratio) unchanged at 6% and 24%, respectively.


    The RBI also increased their inflation target for March 2011 from 5.50% to 7% and increased the GDP target to 8.50% for FY2011.

    Navneet Munot, CIO, SBI Mutual Fund commented, "The genie of inflation is out of bottle but RBI
    first published: Jan 25, 2011 04:58 pm

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