|RBI has announced Sixth Bi-Monthly Monetary Policy Statement 2019-20: Point-to-Point Details|
RBI has announced Sixth Bi-Monthly Monetary Policy Statement 2019-20: Point-to-Point Details
Sixth Bi-monthly Monetary Policy Statement, 2019-20, Reserve Bank of India (RBI) did not change interest rates in Sixth Monetary Policy, Repo Rate, Reverse Repo Rate, Bank Rate, RBI Monetary Policy PDF in Hindi English Both Here Download Now: Reserve Bank of India, RBI Governor Shaktikanta Das has announced the Sixth Bi-monthly Monetary Policy Statement for the year 2019-20.
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC) decided to:-
The policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15 per cent.
Consequently, the reverse repo rate under the LAF remains unchanged at 4.90 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 5.40 per cent.
The Cash Reserve Ratio (CRR) of scheduled banks unchanged at 4.0% of (NDTL).
On the domestic economy, the first advance estimates (FAE) released by the National Statistical Office (NSO) on January 7, 2020 placed India’s real gross domestic product (GDP) growth for 2019-20 at 5.0 per cent. In its January 31 release, the NSO revised real GDP growth for 2018-19 to 6.1 per cent from 6.8 per cent given in the provisional estimates of May 2019. On the supply side, growth of real gross value added (GVA) is estimated at 4.9 per cent in 2019-20 as compared with 6.0 per cent in 2018-19.