Wed, Jun 07, 2017
RBI during its monetary policy meet on Wednesday touched upon several aspects right from inflation to farm loan waivers to 7th Pay Commission, among others. Here are 10 key things RBI said during its meet.
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Keeping the repo rate and reverse repo rate unchanged, the RBI revised its headline inflation downward to be in the range of 2-3.5% from the earlier 4.5% in the first half of the fiscal. The policy revised GVA estimates 10 basis points lower to 7.3%.
For the second half of the fiscal, the Reserve Bank of India sees inflation in the range of 2-3.5%.
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