Thursday, 13 December, 2018
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  • RBI monetary policy review: Repo rate unchanged at 6 percent

RBI monetary policy review: Repo rate unchanged at 6 percent

Sensex soars by 100 points The BSE Sensex rose nearly 100 points in the opening trade today
Ellis Copeland | 05 April, 2018, 20:30

Shares of interest rate-sensitive sectors such as auto, banking and realty rallied on the bourses after the Reserve Bank of India (RBI) kept repo rate unchanged in its first monetary policy announcement for this fiscal today.

Consequently, the reverse repo rate under the LAF (liquidity adjustment facility) remains at 6 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.

"MPC has maintained all policy rates unchanged".

It had last reduced the benchmark lending rate 6-year-low to 6 percent (0.25 percent low) last August.

Confession by Facebook that data bandits siphoned details of 5.62 lakh users of the social site and sold it for profit to an organisation that used it for dubious purposes, the Reserve Bank of India (RBI) has pressed the alarm button. But these currencies have slumped in recent months as regulatory scrutiny increased; bitcoin traded around $6,670 on the Bitstamp exchange on Thursday.

-RBI decides to postpone implementation of Indian Accounting Standards (Ind AS) from April 1, 2018 to April 1, 2019 for scheduled commercial banks. The G-sec market, which saw a sharp rebound in the latter half of March, saw decent rise in prices after the policy.

Jaime King attacked by homeless man
A female friend got out of the auto and confronted Floyd, who threw a can at her, hitting her in the arm, according to the police. Although King was not in the auto during the incident, she was seen looking distraught outside the vehicle in the aftermath.


Liverpool Sweat On Salah Fitness
Liverpool went all in on their attack tonight, winning 3-0 in the home leg of their UEFA Champions League quarterfinal tie. Mohamed Salah has been superb this season for Liverpool in the Premier League and also in their Champions League campaign.


Woman says she reported abuse in 2013 — APNewsBreak
They also told police they tried unsuccessfully to convince her to end the relationship and move on. Once inside the home, the woman said that Evans threw things around and flipped the couch over.


RBI Deputy Governor BP Kanungo while addressing a press conference after the first MPC meeting of the fiscal year 2018-19 said, "We are mandating that all payment system operators will be required to keep their data in the country".

The meeting of the six-member monetary policy committee is taking place at a time when the government has stressed that the fiscal deficit and revenue deficit for 2017-18 will be less than the revised estimate of the general budget.

The central bank also cautioned against rising trade protectionism and financial market volatility that could derail the ongoing global recovery, despite growth and trade strengthening around the world.

Patel noted that inflation print for February was lower than the expected but the is MPC always looks ahead.

Crude oil prices are hovering around United States dollars 70 per barrel putting pressure on the government to cut duty on this. "Accordingly, the MPC will again vote for status quo with a preference to wait for more clarity on key risks". The CPI in February came at 4.4 per cent, below the RBI's projection of 5.1 per cent for the fourth quarter of 2017-18, but a shade higher than the medium-term target of 4 per cent.

Commonwealth Games 2018: Omar, Kwesi-Quartey suffer losses in boxing
Weightlifter Mirabai Chanu claims India's first gold at CWG

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