07-04-2015, Tuesday, RBI Governor Raghuram Rajan kept the repo rate unchanged at 7.5% in the central bank’s monetary policy review.
The Monetary policy given by RBI governor on 07.04.2015
Monetary and Liquidity Measures
The policy repo rate under the liquidity adjustment facility (LAF) unchanged at 7.5 per cent;
The cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liability (NDTL); and
Key takeaways from RBI policy review
✓ Waiting to see Transmission of rate cuts
✓ policy focuses on structural, rate transmission
✓ Don’t see an environment tepid credit growth.
✓ Bank’s marginal cost of has fallen
✓ Policy stance remains accommodative post jan
✓ Future rate cuts will depend on room RBI has