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Tuesday, 9 August 2016

RBI : 3rd Bi-monthly Monetary Policy Statement 2016-17

Dear Readers, 

As we all know that today Raghuram Rajan the governor of Reserve Bank of India (RBI) has published the 3rd Bi-monthly Monetary Policy Statement, 2016-17. 

So we are going to provide you a short note about the same. As we don't want you to miss any important news. Here we go:-

Raghuram Rajan the governor of Reserve Bank of India, held steady on the interest rates at RBI's third bi-monthly monetary policy statement for the fiscal year 2016-17. Mr. Rajan, whose term ends on September 4, maintained repurchase (repo) rate at 6.5 per cent.  While the governor kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4 per cent. 

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