RBI maintains status quo, keeps repo rate unchanged at 6.5%
RBI maintains status quo, keeps repo rate unchanged at 6.5%
05 December, 2018, 16:12
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday (December 5) kept key lending rate unchanged at 6.5 per cent after the conclusion of its fifth bi-monthly policy review. The reverse repo rate also remains unchanged at 6.25 per cent.
The monetary policy committee maintained the policy stance to "calibrated tightening".
This is for the second time in a row that the central bank did not tinker with the interest rate. With the market expecting RBI to hold the repo rate at 6.5%, Mint takes a look at the five things that could be on the MPC's radar.
The SLR is being cut in order to align it with the Liquidity Coverage Ratio (LCR) requirement.
While the Statutory Liquidity Ratio now remains unchanged at 19.5%, the RBI has said it will be gradually reduced to 18% over the next six quarters. Currently, SLR stands at 19.5 per cent. SLR refers to the share of bank's total deposit that it needs to maintain itself as liquid assets.
India vs Australia: Five Indian Bowlers To Watch Out For
Two of the bowlers to play in Adelaide are among the three worst specialist bowlers to have sent down 2000 balls in Australia . Archie, who bowls leg spin, will also meet up with the team on Tuesday ahead of the Adelaide Test match.
GDP growth retained at 7.4%: The MPC maintained GDP growth projections for 2018-19 has been projected at 7.4 per cent (7.2-7.3 per cent in H2) as in the October policy, and for H1:2019-20 at 7.5 per cent, with risks somewhat to the downside.
"The monetary policy completely evaluated current and evolving macroeconomic conditions and voted today to maintain status quo while reiterating its commitment to achieving the medium-term target for headline inflation at 4 percent on a durable basis", RBI governor Urjit Patel said in the press conference.
The RBI, however, lowered inflation forecast sharply for the second half (six months) of 2018-19 to 2.7 per cent-3.2 per cent.
What could be RBI's likely rate action?
India's GDP slowed to 7.1 percent in the September quarter even as retail inflation dropped to a one-year low of 3.31 percent in October.
Winston rung up a rating of 114.4, completing 20-of-30 passes for 249 yards and two touchdowns and adding 49 yards with his feet. And the tight end left the Panthers' latest matchup with an injury after he hurt his foot on a non-contact play.
A presidential spokesman denied that Duterte was behind the charges, and said, "It's a question of tax evasion". The formal accusations bring with them a potential 10-year prison term under Philippines tax law.
Offset proposed to Cardi back in October of 2017 at Power 99's Powerhouse in Philadelphia, and later got wedded secretly. In a video posted to Instagram late Monday night, Cardi B announced that she and husband Offset are have split up.
In a completely unrelated note, in January 2017 Giuliani had been named by Trump as an "informal adviser on cybersecurity". When publishing his tweet, Giuliani did not notice that Twitter had turned it blue, indicating it was clickable.
Occasionally, fortunately, Google acts and today it does so by removing two applications: CM File manager and Kika keyboard . If you were, for some reason, hoping to download CM File Manager or Kika Keyboard , I have some bad news.
The Falcons couldn't run the ball yet again, nor could they get their passing game going against an aggressive Ravens defense. Griffin went 2 of 4 for 21 yards, guiding the Ravens to a field goal before Jackson returned to the field.
Rebel official Abdel Kader al-Murtadha confirmed the deal, adding that he hoped it would be "implemented without problem". He said the stark figures underlined the importance of progress in the talks in Sweden.
NASA spokesperson Gary Johnson described the mission as "textbook launch and insertion into orbit" during the liftoff commentary. Russian Federation suspended all manned space launches pending an investigation before giving the green light November 1.
Delivery of food supplies, fuel and other cargo has not been interrupted after the powerful quake that struck Anchorage on Friday. Jet fuel was also being unloaded at another terminal Sunday. "We're not expecting any disruptions to those supply chains".
Alexandria Ocasio-Cortez reports from the abyss
Joe Crowley in June's Democratic primary, shot back at the one-time Arkansas governor shortly afterward. Alexandria Ocasio-Cortez responds to Mike Huckabee's criticism of her on Twitter .
Michael Ignatieff-led university 'forced out' of Hungary
The university said it would begin teaching all US-accredited programs in a new site in Vienna starting in September 2019. The George Soros-founded Central European University has been kicked out of Hungary , the university said Monday.
Indian PM Modi attends Nick, Priyankas wedding reception
Indian Prime Minister Narendra Modi attended Priyanka Chopra and Nick Jonas' wedding reception in New Delhi on Tuesday night. Cape Town - Newlyweds Nick Jonas and Priyanka Chopra have released their wedding photos via People magazine .
Oscars 2019: Kevin Hart set to host 91st Academy Awards
Oscar nominations will be announced on 22 January, with the televised ceremony taking place live in Hollywood on 24 February. Good job, buddy! Congrats on living your dream! He said that he knows his mother is "smiling from ear to ear right now".
Filipinos streamed LANY on Spotify most in 2018
The top five groups are Imagine Dragons, BTS, Maroon 5, Migos, and good old Coldplay, last year's most streamed group. If that sounds familiar, it's because Drake has dominated Apple Music over the last few years.
Sixers' Markelle Fultz diagnosed with physical injury
Thoracic outlet syndrome involves compression or irritation in the thoracic outlet (area between lower neck and upper chest). In a follow-up tweet, Wojnarowski mentioned that the syndrome effecting Fultz is treatable with physical therapy.
Patrick Corbin agrees to six-year deal with Nationals
In Corbin, the Nationals added arguably the most sought-after free-agent starting pitcher on the market this offseason. Nightengale tweeted that Corbin will get at least a six-year, $125 million contract according to several executives.
India uncertain about Aussie sledging ahead of first Test
Most likely at some stage this series we'll need him. "That was the key past year , the partnerships". "Then, when you bat with lower-order batsmen, you perhaps know whether to attack or play a defensive game and have a partnership with those guys".