India holds rates as growth expectation falls
The Reserve Bank of India (RBI) today (July 31) published the First Quarter Review of Monetary Policy 2012–13, in which the decision to hold the policy repo rate at 8% was explained.
The governor of the central bank, Duvvuri Subbarao also announced that the cash reserve ratio for banks had been held at 4.75%. "Based on an assessment of the current macroeconomic situation, we have decided to keep the policy rate and the CRR unchanged," he told the media.
The governor said the three main
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com