RBI maintains status quo, keeps repo rate unchanged at 6%
RBI maintains status quo, keeps repo rate unchanged at 6%
A man shows Rs 2000 notes in front of the Reserve Bank of India headquarter
07 April, 2018, 01:07
Growth, the MPC says, will rebound to 7.4 percent in 2018-19 from its projection of 6.6 percent in 2017-18.
This is the fourth time, when the RBI maintained status quo on repo rate at six per cent, which is lowest in over seven years, since November 2010.
The MPC reiterated its commitment to achieving the medium-term target for headline inflation of 4 percent on a durable basis. "Another risk is from fiscal slippages by states on account of higher committed revenue expenditure".
The MPC also outlined several factors that make the inflation outlook uncertain on the upside. Sixth, recent volatility in crude prices has imparted considerable uncertainty to the near-term outlook. It may be noted that only Micheal Patra voted from a 25 bps rise in repo rate but all other members - Chetan Ghate, Pami Dua, Ravindra Dholakia, Viral V. Acharya and Urjit Patel voted in favour of the monetary policy decision.
The release on a lighter note also suggests the optimism of the Federal Bank in launching its own flavour of crypto-currencies.
To promote greater credit discipline among working capital borrowers, the RBI is planning a minimum level of "loan component" in fund-based working capital finance for large borrowers. This suggests that the effect of growth on inflation should be contained, stated ANZ. Yields on the 10-year G-Sec yield have moved down around 60-65 bps in last one-month post touching a two-year peak of 7.81%. Given the expectations that were built around it, it is more like a change in their stance, tone and tenor and so on.
"The RBI has cautioned on at least three occasions members of the public and users of virtual currency regarding risks they are exposing themselves to through these cryptocurrencies".
The off-screen antics of Bollywood bad boy Salman Khan
Khan remains one of Bollywood's biggest draws despite his off-screen drama, starring in more than 100 films and television shows. Actor Varun Dhawan , who reprised the role of Salman Khan in Judwaa 2, also came out in support of the Tiger Zinda Hai actor.
The Reserve Bank of India (RBI) on Thursday that it is looking at the possibility of introducing a "central bank digital currency", reports TOI. "This is just the Central Bank of India taking a stand against a technology which they are going to implement themselves in terms of a Digital Rupee".
Following its bi-monthly Monetary Policy Statement, the Reserve Bank of India said it would explore launching a digital fiat currency and would take a decision on the same by June-end.
News of RBI's consideration of a central bank digital currency comes as Kanungo also announced that the bank had directed regulated entities to cease their operations with companies and individuals related to digital currencies.
Whether the central bank and the government agencies are really thinking about the betterment of the Indian financial condition or they are planning something with their vested interests, only time will tell that.
"It is essential to ensure we have a robust system for the safety and security of data on payment systems". "A data localization requirement will have significant implications for global payment system players, many of whom have centralized offshore data storage systems", Ahluwalia said.
The government had started analysing growth estimates using the GVA methodology from January 2015.
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Hunter Shepard made 19 saves for the Bulldogs (24-16-3), allowing only Tanner Laczynskis power-play goal in the third period. MI scored midway through the fist period and held that 1-0 lead for almost 20 minutes.
Angela Bassett and Forrest Whitaker add extra star power to the film, which now enjoys a formidable Rotten Tomatoes rating of 97%. The movie which has a global earning of $1.28 billion, is led by " Star War: The Force Awaken " with its $936 million.
The Malaysian Maritime Enforcement Agency said in a statement that the boat was carrying 19 men, 17 women and 20 children. Muing Swi Thwee said more than 100 tribal families had left his area for Myanmar in the past three years.
BJP workers should work for everybody's benefits, he said. "There is a campaign that all the opposition parties should unite". Danve said arrangements have been made to bring the party workers to Mumbai in trains, buses and jeeps.
Alex Oxlade-Chamberlain and Sadio Mane increased Liverpool's lead in an astonishing opening half to the all-Premier League clash. They had 10-15 minutes in the first half when they were better", he said. "Years ago I played with Dortmund at Real Madrid".
Utilityman Hernan Perez came into the game to relieve the injured Knebel, getting La Stella to line out to left field. Paxton was standing at attention with his hand over his heart after warming up in left field.
See more in the video below! North , who is giving a peace sign, is the only person in the snapshot showing a smile. Previously numerous pictures of Kardashian was not the smallest member of the family, the daughter of Chicago .
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Steve Kerr slams Warriors for their blowout loss vs Pacers
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Wall St. slides as US-China trade spat intensifies
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Why Sinclair matters: Local news is Americans' No
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Oklahoma teachers' strike enters 4th day
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Zlatan reveals why Man United MUST win the FA Cup
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Marines killed in Calif. helicopter crash identified
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Ravens sign QB Robert Griffin III to one-year deal
He was the No. 2 pick in the 2012 draft and counted on to be the franchise quarterback for the Washington Redskins . He was eventually benched for all of 2015 in favor of Kirk Cousins and released by the Redskins in 2016.
Timeline Of Escalating United States-China Trade Tensions
UBS Securities has said that Chinese electronics and tech exports account for 43 percent of total exports to the United States. Li said the trade imbalance could be solved if the United States eased restrictions on high technology exports to China .