Angel Broking - First Bi-monthly Monetary Policy Statement FY2015

RBI keeps rates unchanged in line with expectations

The Reserve Bank of India (RBI) in its First Bi-monthly Monetary Policy Statement, kept the policy repo rate unchanged at 8.0%, in line with our and market expectations.

Consequently, the reverse repo remains unchanged at 7.0% and the Marginal Standing Facility (MSF) at 9.0%.

The Cash Reserve Ratio (CRR) too has remained unchanged at 4.0% of banking system's net demand and time liability (NDTL).

The RBI's policy actions are increasingly gearing towards bringing headline CPI inflation to 6.0% by January 2016, consistent with the Urjit Patel Committee report's recommendations.

Source : Equity Bulls

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