Allahabad HC Reduces Cop's Sentence in 1984 Attempt-to-Murder Case, Awards Rs. 35,000 to Victim || Delhi High Court: Copyright Owners and ISPs Cannot Unilaterally Declare a Website 'Rogue' || Rajasthan HC: Teacher's Reprimand for Poor Attendance and Performance is Not Abetment of Suicide || Karnataka High Court: Police Assistance to Enforce Injunction Not Barred by Res Judicata || SC Upholds Validity of Section 16(2)(c) of CGST Act, Says ITC Depends on Supplier's Tax Payment || Supreme Court: Registration Certificate Alone Can't Secure Interim Release of Seized Vehicles || Supreme Court: IBC Moratorium Doesn't Shield Promoters, Directors From Consumer Complaints || Supreme Court: Accused Person's Advocate Cannot Remain Present During Entire Police Interrogation || Uttarakhand HC: Severity of POCSO Charges Alone Cannot Deny Juvenile Bail || Madras HC Grants Anticipatory Bail to Man Accused of Watching CM Vijay's Unreleased Film Online

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 :