RBI Monetary Policy Key Points

RBI Monetary Policy

RBI Monetary Policy Key Points :-

  • Economic growth forecast for the current financial year remains at 10.5 per cent.
  • Keeping the policy rate unchanged for the fifth consecutive time, the repo rate remains at four per cent.
  • Inflation rate will be maintained at the target level.
  • The retail inflation rate could be 5.2 per cent in the June and September quarter.
  • 50,000 crore additional cash facility to NABARD, NHB and SIDBI for new loan.
  • Maximum balance limit for each individual customer of the payment banks was increased from Rs one lakh to two lakh rupees at the end of the day.

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