Supreme Court: Appellate Courts Cannot Overturn Trial Court Verdicts Without Independent Reasons || Supreme Court Acquits Three Men in 1979 Murder Case, Finding Serious Flaws in the Prosecution Case || Supreme Court: Magistrate Cannot Order Filing of Chargesheet After Police Submit Closure Report || Supreme Court: Landowners Cannot Claim Denial of Hearing After Failing to Avail the Opportunity || Supreme Court: Property in Sale Deed Cannot Be Altered by Rectification Without Transferor's Consent || Ahead of Rath Yatra, Orissa High Court Stays Release of 'Mahaprabhu Jagannath' Over Peace Concerns || Gujarat High Court: Ancient Hindu Law Did Not Recognise Adoption of Girls Before HAMA || Bombay High Court Orders DGP to Assess CCTV Systems and Footage Preservation at Police Stations || Allahabad HC: Mother Receiving Maintenance from Real Son Cannot Claim it from Step-Son || CCPA Imposes Rs.1 Lakh Penalty on SpiceJet Over Dark Patterns Used for Loyalty Programme Consent

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 :