Highlights of RBI's bi-monthly Monetary Policy

Published on Tuesday, June 03, 2014
Hi all, today Governer of RBI, Mr. Raghuram Rajan released bi-monthly monetary policy statement. Today I am going to share highlights of the Monetary statement presented by Mr. Raghuram Rajan.

Highlights of Bi-monthly Monetary Policy

  • Repo rate unchanged at 8 per cent
  • Expected growth rate for 2014-15 = 5-6%
  • CRR unchanged at 4 per cent
  • CPI inflation target of 6 percent for the year 2014-15
  • SLR reduced by 0.50 per cent to 22.5 per cent to increase fund availability with banks
  • Agricultural output may slashed due to delay in foretasted monsoon
  • No policy tightening in case of inflation continue to rise
  • Nobody can carry more than Rs 25000 while leaving the country
  • Export credit refinance reduced from 50% to 32%
  • FPIs allowed in currency derivative market
  • Next bi-monthly policy will be released on August 5
You can download Bi-monthly monetary policy statement from official website of RBI here.

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