Highlights of central bank’s monetary policy review
October 27th, 2009 - 1:50 pm ICT by IANS ( Leave a comment )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
- Highlights of Indian central bank's monetary policy update - Jul 26, 2011
- India's central bank hikes statutory liquidity ratio - Oct 27, 2009
- Highlights of monetary policy unveiled by India's central bank - May 03, 2011
- Inflation forces another rate hike by India's central bank (Second Lead) - May 03, 2011
- Indian central bank hikes policy rates again to curb inflation - Mar 17, 2011
- India's central bank hikes rates again to tame inflation - May 03, 2011
- With inflation easing, India's central bank halts rate hikes (Roundup) - Dec 16, 2011
- Inflation forces another rate hike by India's central bank (Lead) - May 03, 2011
- Inflation forces India's central bank to hike rates again (Roundup) - May 03, 2011
- Highlights of India's monetary policy update - Jul 28, 2009
- Duel with inflation continues, RBI hikes rate again - Jun 16, 2011
- India's central bank hikes rates sharply to tame inflation (Lead) - Jul 26, 2011
- Highlights of monetary policy update by India's central bank - Jul 27, 2010
- India's central bank halts rate hikes on lower inflation (Lead) - Dec 16, 2011
- India's central bank to review monetary policy Tuesday - Oct 26, 2009
Tags: annual inflation rate, cash reserve ratio, corporate bonds, economy, finance firms, financial stability, futures trading, growth projection, jan 29, liquidity situation, monetary policy, mutual funds, pound sterling, regime, repo, reserve bank governor, state governments, statutory liquidity ratio, vigil, yen