TOP STORIES

RBI keeps key interest rate unchanged

| | Mumbai
RBI keeps key interest rate unchanged

RBI today kept the key interest rate unchanged, on the expected lines, but raised the inflation forecast for remainder of the current financial year to 4.3- 4.7 per cent.

The 6-member Monetary Policy Committee (MPC), headed by Reserve Bank of India Governor Urjit Patel, in its fifth bi- monthly review, kept repo rate unchanged at 6 per cent and reverse repo at 5.75 per cent.

It said the reason for the decision was "achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth".

The central bank kept the economic growth forecast unchanged at 6.7 per cent for the fiscal ending March 31. 

 
 
 
 
 

TOP STORIES

Sunday Edition

View All

Zuma’s downfall gives ANC a final chance

18 Feb 2018 | Gwynne Dyer

Now that Jacob Zuma has finally exited, the African National Congress, which has fallen a long way from its glory days, has one last chance to rebuild its reputation before next year’s election. Whether the ANC is the best bet for South Africans is a different question altogether As a passer-by in the upscale Johannesburg suburb of Saxonwold observed, the South African Police would never have raided the enormous, high-walled compound...

Read More

STATE EDITIONS

View All

ED attaches IAS officer’s assets in Ranchi, Udaipur, Bengaluru, Kolkata

21 Feb 2018 | PNS | Ranchi

In a first major action, the Enforcement Directorate (ED) on Tuesday attached properties worth Rs 2 crore of Santhal Pargana Divisional Commissioner Pradeep Kumar allegedly earned through illegal means when he was secretary (health) from June 2008 to August 2009. Kumar, a 1991 batch IAS officer, has been accused of being involved in the NRHM (National Rural Health Mission) scam worth Rs 130 crore, taking bribe of Rs 4...

Read More

Page generated in 0.2036 seconds.