Highlights of RBI’s First Bi-Monthly Monetary Policy Statement 2015-16

    Highlights of RBI’s First bi-monthly monetary policy statement 2015-16
    Highlights of RBI’s First Bi-Monthly Monetary Policy Statement 2015-16:
    List of Important highlighting points in the RBI’s first bi-monthly monetary policy statement 2015-16 was given here. Candidates those who are preparing for Upcoming Bank PO and Clerk Exams can use these materials.

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    ·        Short-term lending rate (repo) unchanged at 7.5%.
    ·        Cash Reserve Ratio unchanged at 4%.
    ·        Retains Statutory Liquidity Rate at 21.5%.
    ·         Estimates GDP growth at 7.8% in financial year 2016, up from 7.5% in the year 2015.
    ·        Forecasts CPI inflation at 5.8% by March 2016.
    ·        CPI inflation to dip to 4% in August 2015.
    ·        Hailstorms in March affected 17% of the rabi crop sown area.
    ·        Future rate cuts will depend on interest rate reduction by banks.
    ·        India better prepared to deal with volatility post US Federal Reserve rate action.
    ·        State cooperative banks to be allowed to setup offsite/ mobile ATMs without prior approval from RBI.
    ·        RBI to formulate scheme for market making by primary dealers in semi-liquid and illiquid G-Secs.

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