Monthly FTM Update -April,2017
RBI Policy moves with the wide expectation keeping interest rates unchanged in its first bi-monetary policy review for FY18. However, it raised the reverse repo rate to 6% from 5.75% earlier. The committee is choosing to be conservative when it comes to Inflation. It has reiterated 4% inflation in the medium term as a core objective. Raising the reverse repo rate to 6% is a step towards ensuring that the liquidity management is in line with the neutral stance...
