Thursday, June 16, 2011

RBI Monetary Policy Highlights - 16th June 2011

# RBI raises Repo and Reverse Repo rates by 25 bps each.

# RBI says inflation persists at uncomfortable levels and will continue with its anti-inflationary monetary policy.

# RBI says Inflation spreading to non-food items a cause of concern.

# Inflation numbers understate the pressure as fuel prices have yet to reflect global crude oil prices.

# RBI says global commodity prices moderating, but too early to downgrade this as a risk factor.

# Impact of recent monetary policy actions still unfolding, says RBI.

# Economic growth outlook remains unchanged at about 8% for the current fiscal.

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