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RBI's Fourth Bi-monthly Monetary Policy: Highlights

Published on October 05, 2017
Reserve Bank of India (RBI) announced Fourth Bi-Monthly Monetary Policy Statement for the financial year 2017-18.

RBI's Fourth Bi-monthly Monetary Policy: Highlights

Highlights of the Policy 

  • Repo rate kept unchanged at 6 percent.
  • Reverse repo rate unchanged at 5.75 percent.
  • Cuts economic growth forecast to 6.7 percent from 7.3 percent for FY'18
  • Projects inflation at 4.2-4.6 percent in the second half.
  • GST implementation rendered prospects for the manufacturing sector uncertain in the short term.
  • Focus on keeping headline inflation close to 4 percent on a durable basis
  • RBI continues to work towards the resolution of stressed corporate exposures in bank balance sheets.
  • Recent structural reforms improving the business environment, transparency and increasing formalisation of the economy.
  • A concerted drive to restart stalled investment projects, enhance ease of doing business, including simplification of the GST to boost growth.
  • Rationalisation of "excessively high" stamp duties charged by states, faster rollout of affordable housing programme.

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