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RBI monetary policy review: Repo rate unchanged at 6.50%, SLR lowered

SLR cut by 25 basis points to 19.25 per cent from January 1, 2019. The central bank also said that SLR would be reduced by 25 basis points every quarter

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Rbi  |  Rbi Monetary Policy  |  Rbi Monetary Policy Review

BS Web Team  |  New Delhi 



Independent directors may take decisions if Govt-RBI standoff continues
The Reserve Bank of India

As widely expected, the Committee (MPC) of the (RBI) on Wednesday kept the key repo rate unchanged at 6.5 per cent, while maintaining the stance of 'calibrated tightening' of policy. This is for the second time in a row that the central bank did not tinker with the . The reverse repo rate also stands unchanged, at 6.25 per cent. "The decision of the Committee is consistent with the stance of calibrated tightening of in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/-2 per cent, while supporting growth," said.

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First Published: Wed, December 05 2018. 14:33 IST


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