The assessment of the MPC for growth and inflation outlook is consistent with that of the government Garg said
RBI might have chosen to err on the side of caution
The calibrated reduction in statutory liquidity ratio (SLR) will continue till it reaches 18 per cent. The current SLR is 19.5 per cent
On the surprising dip in inflation lately, Patel said more dataprints are needed to ascertain its durability
RBI kept interest rates unchanged but held out a promise to cut them if the upside risks to the inflation do not materialise
will reinforce the confidence of homebuyers and they will be encouraged to go ahead with their plans to buy house
In order to align the SLR with the LCR requirement, the MPC decided to reduce the SLR by 25 basis points every calendar quarter until the SLR reaches 18 per cent.
India's economic growth fell to 7.1 per cent in the second quarter (July-September) of the current fiscal, from 8.2 per cent in the April-June period
In policy review in October, RBI had projected retail inflation to be around 3.9-4.5%
The big surprise in the tone is that while risks have been highlighted in terms of inflation in general and other global factors, liquidity does not find any mention
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
The rupee is now nearly 6 per cent off its low and is expected to rally further as lower crude prices have also eased worries over India's current account deficit
Monetary policy panel has to consider many other variables
RBI kept its benchmark rate unchanged at 6.5 per cent in October, lowering its growth forecast for the first quarter of the 2020 fiscal year to 7.4 per cent
The policy repo rate is unlikely to change in the next six months from the current 6.50 per cent
The RBI is now forecast to hike its repo rate in the April-June quarter next year, taking it to 6.75%, and then to hold it steady for at least another year
The monetary policy committee led by Governor Urjit Patel voted 5-1 to leave the repurchase rate at 6.5 per cent on Friday
The central bank indicated it was in no mood to stop the rupee slide in order to preserve the country's export competitiveness
India's foreign exchange reserves of $400 billion were enough to take care of 10 months of import, says the RBI governor
Barring unforeseen developments, we may not see the next rate hike before February 2020