 "RBI policy: Highlights of 2nd bi-monthly monetary policy")
Following are the highlights of second bi-monthly monetary policy for 2017-18 as announced by RBI: * Repo rate unchanged at 6.25 percent * Reverse repo unchanged at 6 percent * Statutory Liquidity Ratio cut by 0.5 percent to 20 percent [caption id=“attachment_3526955” align=“alignleft” width=“380”]  Reuters[/caption] * Growth forecast for 2017-18 lowered to 7.3 percent from 7.4 percent * Inflation projected at 2-3.5 percent for H1, 3.5-4.5 percent H2, FY18 * GST rollout not to have material impact on inflation * Farm loan waivers risk fiscal slippages and inflationary spillovers * 7th Pay Commission allowances, geo political, financial risk pose upside risk to inflation * Need to revive private investment, restore banking sector health, remove infrastructure bottleneck * RBI to work with government to address stress in bank balance sheet * Five MPC members vote in favour of status quo on monetary policy, one had different views The next meeting of Monetary Policy Committee is on 1 August and 2.
Growth forecast for 2017-18 lowered to 7.3 percent from 7.4 percent
Advertisement
End of Article
 "US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth")
 "US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'")
 "China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands")
 "Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit")
 "US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth")
 "US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'")
 "China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands")
 "Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit")
](https://images.firstpost.com/wp-content/uploads/2017/06/RBI_cropped.jpg){kind=link}