RBI begins 'exit' from stimulus; leaves key rates unchanged

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..... RBI begins 'exit' from stimulus; leaves key rates unchanged - News and Press Release Dated:- 28-10-2009 - News - Mumbai, Oct 27 (PTI) Aiming to tackle inflation, the RBI today marginally tweaked i .....

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..... nvestment norms for banks as part of the first step to exit the easy money policy, but interest rates are likely to remain unchanged for now. Though RBI raised the Statutory Liquidity Ratio (SLR), th .....

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..... e portion of deposits that banks are required to invest in government securities, by 100 basis points to 25 per cent, it will have no material implications for the sector as banks are holding securiti .....

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..... es in excess of the prescribed norms. The average SLR of banks is already at 27.6 per cent. "...at this jucture...it may be appropriate to sequence the exit in a calibrated way so that while the rec .....

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..... overy process is not hampered, inflation expectations remain unchanged", RBI Governor D Subbarao told reporters. RBI retained the economic growth forecast at six per cent for FY'10, while upping infl .....

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..... ation estimate to 6. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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