Briefcase 1 RBI Governor Raghuram Rajan keeps key lending rates unchanged. The stance of monetary policy remains accommodative and will continue to emphasise the adequate provision of liquidity," he said in the third bi-monthly review of the monetary policy for the current fiscal. "It is appropriate for the Reserve Bank to keep the policy repo rate unchanged at this juncture, while awaiting space for policy action. The strong sowing and the positive progress of the monsoon augurs well for the food inflation, RBI said, adding that prices of pulses and cereals are rising. 2 Repo rate has been retained at 6.5 per cent.

Source: India Today August 09, 2016 05:55 UTC