Highlights of RBI's third quarter monetary policy review

CA. Dashrath Maheshwari (TaXpert) (15103 Points)

29 January 2008  

Highlights of RBI's third quarter monetary policy review

 --MAIN HIGHLIGHTS

* Repo rate unchanged at 7.75%.

* Reverse repo rate unchanged at 6.00%.

* Bank Rate unchanged at 6.00%.

* CRR unchanged at 7.50%.

* Has flexibility to change reverse repo, repo rates.

* CRR unchanged on review of current liquidity situation.

* Retain inflation aim 4.0-4.5% FY08, 3% medium term.

* GDP growth target 9- 9.5%