SC: Valid Bareboat Charter Termination Extinguishes Demise Charter, Vessel Arrest Vacated || SC: Absence of Train Ticket No Ground to Deny Compensation for Passenger’s Death || Patna HC: Routine FIR Involvement alone cannot Deny Arms Licence without Safety Threat || Chhattisgarh HC: WhatsApp Chats Proving Mental Cruelty cannot be Ignored on Evidence Grounds || Delhi HC: Foreign Travel Restrictions must not Obstruct Pregnant Foreigner's Medical Care || MP High Court: Article 227 Cannot Be Invoked to Quash Wife’s Conjugal Rights Proceedings || Kerala High Court Issues Directions on Driver Profiling, Bus Regulation and Road Safety || Delhi HC: Prior Permission for Foreign Travel Unjustified When Accused Was Never Arrested || Air India Penalised Rs. 50K Over De-boarding Disabled Woman and Wheelchair Damage || Delhi HC: Muslim Personal Law cannot Shield Sex with Minor Wife from POCSO Case

RBI’s first monetary policy statement in 2016- (Reserve Bank of India) (05 Apr 2016)

MANU/RPRL/0099/2016

Banking

The Reserve Bank of India reduced its rate under the liquidity adjustment facility to 6.5 per cent and the cash reserve ratio to 90 per cent – a massive 5 per cent drop – in efforts to counter what it perceives are downwards trends in global markets. Reportedly, subdued crude oil prices and better than expected crop yields, despite water shortages, sustained a reduction in inflation. The RBI expects a further deceleration in inflation rates, with also potential slowdown of economic growth.

Relevant : Reduced Bank Rates MANU/RMIC/0050/2016

Tags : RBI INTEREST RATES LIQUIDITY

Share :