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TMI BlogHighlights of RBI's monetary policy statementX X X X Extracts X X X X X X X X Extracts X X X X ..... Highlights of RBI's monetary policy statement - News and Press Release Dated:- 6-6-2019 - News - Mumbai, Jun 6 (PTI) Following are the highlights of the second bi-monthly monetary policy announced by the RBI on Thursday:* Repo rate reduced by 25 bps to 5.75 pc for third time in a row * Reverse repo rate now stands at 5.50 pc, marginal standing facility (MSF) rate 6 pc * ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RBI changes policy stance to accommodative from neutral * Cuts GDP growth forecast to 7pc from 7.2 pc for FY20* Raises retail inflation forecast for Apr-Sept to 3-3.1 pc and 3.4-3.7 pc in Oct-Mar * Projects upward bias in food inflation in near term due to rising prices of food items * Forecast risks to inflation trajectory from monsoon uncertainties, uns ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... easonal spike in vegetable prices, crude oil prices, financial market volatility and fiscal scenario * Waives RTGS and NEFT charges to promote digital transactions * Sets up a panel to review ATM charges, fees levied by banks * To issue draft guidelines for 'on tap' licensing of small finance banks by Aug * Flags sharp slowdown in investments, moderation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in private consumption growth as concern * All six MPC members voted in favour of 0.25 pc policy rate cut * Average daily surplus liquidity in the system at ₹ 66,000 crore in early June * Foreign Exchange Reserves stood at USD 421.9 billion on May 31, 2019 * Next monetary policy statement on August 7. - News - Press release - PIB Tax Management Indi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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