 RBI's
'wait-and watch' approach
The central bank, while announcing a hawkish
policy, has opted for a “wait-and watch” approach, says
Minna Kumar. Read
on |
 Statement by Dr. Y.V.Reddy
Annual Policy Statement for the Year 2007-08 by Dr. Y. Venugopal Reddy, Governor, Reserve Bank of India. Check out | | | | | ............................................................................................................................................................................................... | |
|
| Highlights | | CRR and Interest Rates
(Source RBI) (% per annum)
| Key rates | Oct
2006 | Jan
2007 | Apr
2007 | | CRR | 5 | 5 | 5 | | Repo Rate | 7.25% | 7.5% | 7.5% | | Reverse Repo | 6% | 6% | 6% | | Bank Rate | 6 | 6 | 6 | | | • | RBI keeps CRR, repo, reverse repo unchanged | | • | RBI keeps all policy rates unchanged | | • | GDP forecast lowered to 8.5% | | • | Aims at 8.5% GDP growth for FY08 | | • | FY08 inflation target at 5% Vs 5-5.5% | | | |  | | ............................................................................................................................................................................................... | | |
| 
