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Dec 08, 2016
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RBI credit policy 2016: In surprise move, key rates left unchanged at 6.25%; temporary CRR lifted
Stocks and bonds may have sold off on Wednesday, surprised by the Reserve Bank of India’s (RBI) decision to leave the policy rate unchanged at 6.25%, but the central bank appears to be betting on the abundant liquidity with banks to drive interest rates lower and stimulate growth.Attributing much of the cut in its growth forecast to the economy’s poor performance in Q2FY17, the central said it had taken into account the the impact of the demonetisation which could be transitory taking away some 15-20 basis points of growth.
Source -
http://www.financialexpress.com
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