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Repo rate unchanged at 8 per cent by Reserve Bank Of India
Posted on: 01/Apr/2014 2:32:51 PM
On Tuesday the Reserve Bank of India in its first bimonthly monetary policy statement, left the short-term lending rate or repo rate unchanged at 8 per cent and the cash reserve ratio static at 4 per cent. It halved the overnight call money rate to 0.25 per cent and increased the 7-day and 14-day repo limits to 0.75 per cent from 0.50 per cent.
If inflation continues along the glide path of reaching 8 per cent by January 2015 and 6 per cent by the year after, the Governor promised there wont be any rate hikes.
If inflation continues along the glide path of reaching 8 per cent by January 2015 and 6 per cent by the year after, the Governor promised there wont be any rate hikes.
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