RBI Mid-Quarter Monetary Policy Review – June 2013 - Asit C. Mehta

Policy Actions

- Repo rate kept unchanged at 7.25%
- Consequently, reverse repo stands adjusted to 6.25%
- Credit Reserve Ratio (CRR) unchanged at 4%
- Marginal standing facility (MSF) rate and bank rate stand at 8.25%

In line with expectations, Reserve Bank of India (RBI) kept key rates unchanged, considering the rupee depreciation and the Balance of Payments scenario. For further actions, growth and inflation trajectories and unfolding of the balance of payments situation over the months ahead, would determine RBI's monetary stance. Further, RBI will closely monitor the global uncertainty and the rapid shift in risk perceptions and its impact on capital flows.

Source : Equity Bulls

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