banking news current | RBI latest News | 06 December 2018
rbi current affairs | rbi current news
Mumbai: The Reserve Bank of India left interest rates and monetary policy stance unchanged but lowered retail price forecast, kindling hopes of a rate cut if inflation stays benign.
It may be months before the monetary policy committee (MPC) actually cuts rates and RBI governor Urjit Patel said it is not changing the monetary policy stance of ‘calibrated tightening’ since growth is expected to remain healthy for the rest of the year.
The central bank also ruled out any special liquidity window for non-banking finance companies, saying the liquidity situation has been managed to reflect normal market conditions. However, the regulator promised to act if the situation goes out of hand, which appears remote at this point.
Beginning April, retail consumers and promoters of small and medium enterprises will have their floating rate borrowing linked to one of the four benchmarks which includes the yield on 91-day treasury ..
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