Tuesday, June 7, 2016

RBI keeps Key Rate Unchanged | SBI, ICICI up 2%

The Reserve Bank of India governor kept the benchmark repo rate unchanged at 6.5 percent, largely on the back of strong economic tailwinds. Other key policy rates like Cash Reserve Ratio and Statutory Liquidity Reserve too have been kept unchanged. 

FY17 GDP growth target kept unchanged at 7.6%. RBI keeps repo rate unchanged at 6.50%. Rajan speaks as RBI keeps CRR unchanged at 4%. RBI says January 2017 CPI inflation target unchanged at 5% with upside. RBI says stay on hold but stance remains accommodative. 

The GDP growth target for the current fiscal has been retained at 7.rag6 percent by the RBI.

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