Reserve Financial institution Of India

 Reserve Financial institution Of India Essay

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DateВ: В 04В MarВ 2015

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Statement by Dr.  Raghuram G Rajan,  Governor,  on Monetary Policy It may be recalled that in its statement on monetary policy of January 12-15,  2015 the Reserve Bank reduced the policy repo rate by 25 basis points and indicated that " " Key to further easing are data that confirm continuing disinflationary pressures.  Also critical would be sustained high quality fiscal consolidation…”. While maintaining the interest rate stance in its sixth bi­monthly monetary policy statement of February 3 in the absence of new developments on inflation or on the fiscal outlook till then,  the Reserve Bank indicated that it will keenly monitor the revision in the consumer price index (CPI) with regard to the path of inflation in 2015­16 as well as the Union Budget for 2015­16. Data Developments

TheВ newВ CPIВ rebasedВ toВ 2012В wasВ releasedВ onВ FebruaryВ 12, В 2015. В InflationВ inВ JanuaryВ 2015В atВ 5. 1В per centВ asВ measuredВ byВ theВ newВ indexВ wasВ wellВ withinВ theВ targetВ ofВ 8В perВ centВ forВ JanuaryВ 2015. В PricesВ of vegetablesВ declinedВ and, В hearteningly, В inflationВ excludingВ foodВ andВ fuelВ moderatedВ inВ aВ broadВ­based mannerВ toВ aВ newВ low. В Hence, В disinflationВ isВ evolvingВ alongВ theВ pathВ setВ outВ byВ theВ ReserveВ BankВ in...

Links: StatementВ byВ Dr. В RaghuramВ GВ Rajan, В Governor, В onВ MonetaryВ Policy

ItВ mayВ beВ recalledВ thatВ inВ itsВ statementВ onВ monetaryВ policyВ ofВ JanuaryВ 15, В 2015В theВ ReserveВ Lender

DataВ Developments

TheВ newВ CPIВ rebasedВ toВ 2012В wasВ releasedВ onВ FebruaryВ 12, В 2015. В InflationВ inВ JanuaryВ 2015В atВ 5. 1В per