Mumbai, Oct 27 (IANS) Following are the highlights of the half-yearly review of India’s monetary policy for 2009-10, conducted by Reserve Bank Governor D. Subbarao:
- Statutory liquidity ratio hiked to 25 percent from 24 percent

- Bank rate left unchanged at 6 percent

- Repurchase rate left unchanged at 4.75 percent

- Reverse repurchase rate left unchanged 3.25 percent

- Cash reserve ratio left unchanged at 5 percent

- Annual inflation rate to 6.5 percent by the end of March

- Retains growth projection for the country’s economy at 6 percent for current fiscal

- Vigil on inflation trends to respond swiftly and effectively

- Monitor liquidity situation closely and manage it actively

- Maintain a regime of price and financial stability with support for growth

- Final guidelines on repo in corporate bonds will be issued by end-November

- Futures trading to be also allowed in Euro, Yen, Pound-Sterling

- Combined net borrowing of central, state governments to be 34 percent higher than earlier evaluated

- Special term repo for mutual funds, and non-banking and housing finance firms discontinued

- Third quarter review of policy on Jan 29