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