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First Quarter Review of Monetary Policy click here



First Quarter Review of Monetary Policy 2009-2010
-Announced on the 28th July 2009



Highlights of the First Quarter Review of Monetary Policy 2009-2010

Bank Rate: The Bank Rate has been retained unchanged at 6.0 per cent.

Repo Rate: The repo rate under the Liquidity Adjustment Facility (LAF) has been retained unchanged at 4.75 per cent.

Reverse Repo Rate: The reverse repo rate under the LAF has been retained unchanged at 3.25 per cent.

Cash Reserve Ratio: The cash reserve ratio (CRR) of scheduled banks has been retained unchanged at 5.0 per cent of net demand and time liabilities (NDTL).

Policy Stance: On the basis of the above overall assessment, the stance of monetary policy for the remaining period of 2009-10 will be as follows:

Manage liquidity actively so that the credit demand of the Government is met while ensuring the flow of credit to the private sector at viable rates.

Keep a vigil on the trends and signals of inflation, and be prepared to respond quickly and effectively through policy adjustments.

Maintain a monetary and interest rate regime consistent with price stability and financial stability supportive of returning the economy to the high growth path.

Click Here For Press Statement by Dr. D. Subbarao, Governor on First Quarter Review

First Quarter Review of Monetary Policy 2009-2010 click here

RBI CREDIT AND MONETARY POLICIES (1999-2010) click here




















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