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.
