Microsec: RBI's Mid Quarter Monetary Policy review

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RAJESH DESAI

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Mar 15, 2012, 7:28:36 AM3/15/12

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Dear Sir/Madam,

RBI keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.75 per cent of their net demand and time liabilities and also keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.5 per cent. Consequently, the reverse repo rate under the LAF will remain unchanged at 7.5 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 9.5 per cent.

Guidance

Recent growth-inflation dynamics have prompted the Reserve Bank to indicate that no further tightening is required and that future actions will be towards lowering the rates. However, notwithstanding the deceleration in growth, inflation risks remain, which will influence both the timing and magnitude of future rate actions.

Regards,

Team Microsec Research

Microsec

Microsec Capital Limited

Tel: 91 33 30512100

Fax: 91 33 30512020

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CA. Rajesh Desai

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RBI Mid-Quarter Policy Review (March' 2012).pdf

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