India Infoline News Service / 18:15, Oct 04, 2017
As expected, Monetary Policy Committee (MPC) maintained the status quo on policy rates in its 4th bi-monthly monetary policy. The MPC stated that it would wait for more data and committed to maintain the inflation close to 4% on a durable basis.
India Infoline News Service / 14:42, Aug 02, 2017
The Monetary Policy Committee (MPC) decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25% to 6.0% with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25%.
Latest RBI Videos
Urjit R. Patel
Urjit R. Patel is an Indian economist, consultant and banker, currently serving as Deputy Governor of the Reserve Bank of India (RBI). As Deputy Governor of RBI, he looks after monetary policy, economic policy research, statistics and information management, deposit insurance, communication and Right to Information. On 20 August 2016, he was named as the governor of RBI.
Through this initiative, IIFL strives to provide essential details on RBI's monetary policy, repo rates, policy rates, bank rates, credit policies, interest rates, latest RBI policy announcements, RBI guidelines, and various other aspects. We will also provide readers with other insightful information such as RBI governor’s comments and sneak-peek into the history of all RBI governors and of course our research view before and after every monetary policy.