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Thursday, December 06, 2018

Download Pdf RBI fifth Bi-monthly Policy 2018-19

Fifth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India
On December 5, 2018, RBI released its 5th Bi-monthly monetary policy produced by the Monetary Policy Committee chaired by RBI Governor Dr. Urjit Patel.

The 6th and last meeting of the Monetary Policy Committee is scheduled to be held from February 5 to 7, 2019.

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to:
  • keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent.
Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
The decision of the MPC is consistent with the stance of calibrated tightening of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth. The main considerations underlying the decision are set out in the statement below.

♦ Founded: 1st April 1935.
♦ Headquarters: Mumbai.
♦ 24th Governor: Dr. Urjit Patel.

Click here to Download Official RBI Monetary Policy Pdf

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