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RBI Credit Policy: Rajan keeps repo, CRR unchanged- Property News
Posted
August 10, 2016
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16
August 10, 2016
16
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1:40Now PlayingThe outgoing Reserve Bank of India governor Raghuram Rajan has kept the key interest rates unchanged at his final policy review on August 9.The move was in line with expectations with the inflation hitting a nearly two-year high (consumer inflation accelerating to 5.77% in June), but the RBI maintained an “accommodative” policy stance. The key rates were retained as-- repo rate at 6.5%, CRR at 4% and reverse repo at 6%.
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