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RBI Policy: MPC keeps repo rate unchanged at 6.50%; cuts SLR by 25 bps.

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  • RBI Policy: MPC keeps repo rate unchanged at 6.50%; cuts SLR by 25 bps.
    2018-12-05, By: System Administrator

    RBI's monetary policy committee keeps the repo rate unchanged at 6.50% in line with market expectations, and retained its 'calibrated tightening' stance. Here are the latest updates on the RBI monetary policy review meeting

    The Reserve Bank of India (RBI) at its monetary policy review meeting on Wednesday kept its repo rate unchanged, citing benign inflation outlook and improved investment activity. The six-member monetary policy committee (MPC) voted unanimously to keep the repo rate at 6.5%, but voted 5-1 in favour of maintaining the policy stance as "calibrated tightening". The MPC also lowered its inflation projection sharply to 2.7-3.2% from 3.9-4.5% for the second half of 2018-19.(Source : Mint)

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