RBI announced 4th bi-monthly monetary policy

Hi Every one,

First things first.. My apologies for not posting anything since a long time.

Currently, I am appraising RBI's (Reserve Bank of India) new policy. Would keep posted you all very soon with it, So far it appears to be a highly goal oriented self-justifying mechanism.

“How Inflation turned out to be the unsolicited exudate on RBI’s forehead and the ministry’s approach to get rid of it”

Certain downward movement in consumer price inflation failed to impress the RBI to cut rates immediately. RBI may reduce the Statutory Liquidity Ratio (SLR) further.

In August, RBI already had cut the SLR by 50bps to 22% of bank’s net demand and time liability. RBI had also reduced the total holdings of SLR securities in the HTM category by 50 bps, to 24% of NDTL.


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