Details from the RBI 04 October 2017
- Repo rate 6.0% unch
- Reverse repo 5.75% unch
- Cash reserve ratio 4.0% unch
Comments;
- 5/6 MPC voted for keeping rates on hold
- Ravindra Dholakia voted for a cut of at least 25bps
- 2017/18 Real gross value added growth revised down to 6.7% vs 7.3% prior
- Inlfation projections revised up for H2 FY 2017/18. Range now 4.2-4.6% vs 4.0-4.5% prior
- Says there are factors that continue to impart upside risks to baseline CPI
The full decision is here.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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