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RBI keeps repo unchanged: Full text of bi-monthly monetary policy statement

The Reserve Bank on Thursday raised reverse repo rate to 6% but kept repo unchanged at 6.25%

RBI, RBI monetary policy
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Reserve Bank of India

BS Web Team New Delhi
April 06, 2017
First Bi-monthly Monetary Policy Statement, 2017-18
Resolution of the Monetary Policy Committee (MPC)
Reserve Bank of India
 
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to:
 
• keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per cent.
 
Consequent upon the narrowing of the LAF corridor as elaborated in the accompanying Statement on Developmental and Regulatory Policies, the reverse repo rate under the LAF is at 6.0 per cent, and the marginal standing facility