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Monetary policy in 2 minutes

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Business Standard New Delhi
Monetary measures
  • Repo rate, cash reserve ratio kept unchanged
  • Statutory liquidity ratio reduced by 50 bps to 22.5%
  • Liquidity under export credit finance facility reduced to 32% from 50% of eligible credit outstanding
  • Special term repo facility of 0.25% of NDTL

Growth & inflation
  • Retail inflation projection for January retained at 8%
  • GDP growth for 2014-15 retained between 5 and 6 per cent
Other measures
  • Foreign institutional investors allowed to hedge their exposure plus $10 million in currency derivatives market
  • Upped eligibility limit for overseas foreign exchange remittances by Indians to $125,000
  • Both residents and non-residents, except of Pakistan and Bangladesh, can carry cash out of country up to Rs 25,000

 

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First Published: Jun 04 2014 | 12:03 AM IST

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