Finance Minister Arun Jaitley on Tuesday criticised the Reserve Bank of India (RBI. in the banking industry. The remarks came amid reports of mounting tension between the finance ministry and the.
“The RBI’s surprising. as core framework of the monetary policy. While the currency market and equity market have reacted negatively – this intermediary halt should help sooth the market once the.
Also read: rbi monetary policy review: Raghuram Rajan keeps repo rate unchanged at 6.5%, CRR at 4% This sparked outrage on social media, many Indian corporates came out in defence of Rajan and.
amendments to the Reserve Bank of India (RBI) Act, the monetary policy decision has been vested in a six member monetary policy committee (MPC). Following its decision to lower the policy repo rate by 25 basis points (bps) at the time of the October 2016 Monetary Policy Report (MPR), the MPC decided to hold the policy rate in the December 2016.
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The Reserve Bank has recently reduced the policy rates by 25 basis points to 6.25%. And this is the second time in the current financial year that the rate cut delivery has been announced. The industry has come out with its reaction to the recent change. Writing to the Dollar Business Bureau, Anuj.
New Delhi: The RBI’s Monetary Policy Committee on Thursday announced a reduction in repo rate to 6 per cent from 6.25 per cent, in line with a majority of.
“The RBI is accountable to the government for executing the kind of monetary policy that has been announced," Jalan. “I hope RBI will work well under his leadership. Differences in views are fine,
Earlier, the Indian unit opened flat at 68.55 against overnight close of 68.54 at the interbank foreign exchange market ahead of the monetary policy. It weakened further to hit a low of 68.60 in early.
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Core industry imports, freight traffic. The trajectory of global growth has to be factored into the monetary policy reaction function. However, the clarity on policy stance and benign global policy.
RBI’s Monetary Policy statement 2015-16: Experts reaction. The following are some of the reactions from industry officials to the fourth bi-monthly Monetary Policy statement 2015-16, made by Reserve Bank of India Governor Raghuram Rajan on Tuesday: