None
Reserve Bank of India Governor Raghuram Rajan kept the repo rate steady at 6.75 per cent on Tuesday's monetary policy review. Here's what Dr Rajan said at a press conference after the rate announcement:
- Current momentum of growth is reasonable, though below what should be expected over the medium term
- Structural reforms in the forthcoming Budget will create more space for monetary policy to support growth
- Will ensure that inflation remains on the projected path of 5% by the end of 2016-17
- RBI continues to be accommodative despite keeping rates unchanged
- Awaiting further data on the development of inflation
- January 2016 inflation target of 6% likely to be met
- Will look through aspects of Pay Commission
- Enabling framework for start-ups soon
- It is not fair to read that RBI has become more hawkish over time
- RBI has not yet factored in impact of Pay Commission implementation
- Good monsoon could push consumer inflation down
- RBI supplying markets with liquidity
- To say that there is a severe shortage of liquidity is wrong
- G-Sec yields are a confluence of many factors
- G-Sec yields are not just about monetary policy
- Stalled projects are a source of concern
- G-Sec yields have not come down as much as we would have liked
- There is only so much monetary policy can do, beyond that other actions have to be taken
- Marginal cost of funding will help in transmission of RBI's monetary policy easing by banks
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
