The Reserve Bank of India (RBI) on expected lines kept the repo rate unchanged at 6.50% in its Fifth Bi-monthly Monetary Policy Review, 2018-19, taking into account easing global crude prices, benign inflation and moderation in economic growth. Consequently, the reverse repo rate under the liquidity adjustment facility (LAF) stood at 6.25%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%. RBI has maintained its stance of ‘calibrated tightening’ of monetary policy. It also maintained its Gross Domestic Product (GDP) growth projection at 7.4% for 2018-19.
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