Highlights of RBI's third quarter monetary policy review

1160 views
User Avatar

TaXpert
12483 Points Posted on 29 January 2008

Highlights of RBI's third quarter monetary policy review

 --MAIN HIGHLIGHTS

* Repo rate unchanged at 7.75%.

* Reverse repo rate unchanged at 6.00%.

* Bank Rate unchanged at 6.00%.

* CRR unchanged at 7.50%.

* Has flexibility to change reverse repo, repo rates.

* CRR unchanged on review of current liquidity situation.

* Retain inflation aim 4.0-4.5% FY08, 3% medium term.

* GDP growth target 9- 9.5%

Reply Share Follow Topic
On 29 January 2008 at 14:22 Report
Replies (3)
User Avatar

CAO
318 Points Posted on 30 January 2008
Dear Sir, What is Repo rate and reverse repo rate?
Reply
On 30 January 2008 at 08:45
User Avatar

TaXpert
12483 Points Posted on 30 January 2008
Reverse repo rate signifies the rate at which the central bank absorbs liquidity from the banks, while repo signifies the rate at which liquidity is injected. The rates are determined by the central bank i.e RBI.
Reply
On 30 January 2008 at 10:23
User Avatar

CAO
318 Points Posted on 03 February 2008
Thank you sir,


1.Here liquidity means bonds purchased from RBI agts the Cash holdings of the Banks or somthing else?

2.What is Federal Reserve Rate?and how it will determine the performance of market
Reply
On 03 February 2008 at 18:50

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. ITC ON RENT
  2. GSTR-9 Table 8A Portal and Excel Issues
  3. IGST on Commercial Rental Income (Different State)
  4. Revocation of suo moto cancelled GST registration
  5. Is there any faculty taking chapterwise test in CA
  6. Late Fees and Interest
  7. HDFC Bank’s Bureaucracy: The Nightmare of Fl
  8. Running a CSC Center, Maha E-Seva Kendra, Setu Ken
  9. GSTR-9 Table 8A issue
  10. CA Inter Coaching institutes at Hyderabad

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details