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Jan 24: CRR cut by 50 bps

  • Jan 24: CRR cut by 50 bps

    Jan 24: CRR cut by 50 bps

  • <p>RBI Governor D Subbarao at the RBI monetary policy press meet</p><p><b>CRR cut to infuse Rs 32,000 crore into the system.</b></p><p>RBI says CRR is most effective for premanant liquidity injection and that the cut is a signal to possible rate cuts in future.</p><p>It said that large structural deficit was the strong base for the CRR rate cut.</p>

    RBI Governor D Subbarao at the RBI monetary policy press meet

    CRR cut to infuse Rs 32,000 crore into the system.

    RBI says CRR is most effective for premanant liquidity injection and that the cut is a signal to possible rate cuts in future.

    It said that large structural deficit was the strong base for the CRR rate cut.

  • <p>RBI Deputy Governor Subir Gokarn and Governor D Subbarao on his way to announce monetary policy in Mumbai today</p><p><b>GDP forecast brought down to 7% from 7.6% earlier.</b></p><p>The Governor stated further policy actions will look to reverse current policy rates and that the cut reinforces guidance to lower policy rates</p>

    RBI Deputy Governor Subir Gokarn and Governor D Subbarao on his way to announce monetary policy in Mumbai today

    GDP forecast brought down to 7% from 7.6% earlier.

    The Governor stated further policy actions will look to reverse current policy rates and that the cut reinforces guidance to lower policy rates

  • <p>A gardener watering plants outside the RBI headquarters</p><p><b>The next mid-quarter monetary policy review will be on March 15</b></p><p>The Annual policy on April 17 this year.</p>

    A gardener watering plants outside the RBI headquarters

    The next mid-quarter monetary policy review will be on March 15

    The Annual policy on April 17 this year.

  • <p><B>Left to Right:</B>Deputy Governors HR Khan,KC Chakrabarty, RBI Governor D Subbarao, along with Anand Sinha and Subir Gokarn, Deputy Governor RBI on his way to announce monetary policy in Mumbai</p><p><b>The inflation forecast of March-end unchanged at 7% and that the decline in food inflation to be limited in the coming months.</b></p><p>RBI Governor says that growth is decelerating and inflation rate still not comfortable enough to warrant a rate cut.</p><p>He said that it was premature to reduce rates on current inflation. Persistance of tight liquidity could disrupt credit flow, he added.</p>

    Left to Right:Deputy Governors HR Khan,KC Chakrabarty, RBI Governor D Subbarao, along with Anand Sinha and Subir Gokarn, Deputy Governor RBI on his way to announce monetary policy in Mumbai

    The inflation forecast of March-end unchanged at 7% and that the decline in food inflation to be limited in the coming months.

    RBI Governor says that growth is decelerating and inflation rate still not comfortable enough to warrant a rate cut.

    He said that it was premature to reduce rates on current inflation. Persistance of tight liquidity could disrupt credit flow, he added.

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