{"id":33348,"date":"2018-06-07T11:38:33","date_gmt":"2018-06-07T11:38:33","guid":{"rendered":"http:\/\/punjabnews24.com\/?p=33348"},"modified":"2018-06-07T11:38:33","modified_gmt":"2018-06-07T11:38:33","slug":"highlights-of-rbi-monetary-policy","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/highlights-of-rbi-monetary-policy\/","title":{"rendered":"Highlights of RBI monetary policy"},"content":{"rendered":"<p>Mumbai<br \/>\nFollowing a cycle of rate cuts begun in January 2015, the RBI on Wednesday raised its key interest rate for the first time by 25 basis points to 6.25 per cent, a central bank announcement said.<\/p>\n<p>The following are the highlights of the second bi-monthly monetary statement for 2018-19:<\/p>\n<p>RBI hikes key lending rate (repo) by 0.25 per cent to 6.25 pc<\/p>\n<p>Rate hike is the first in four-and-half-years<\/p>\n<p>Reverse repo rate stands at 6 pc, bank rate at 6.50 pc<\/p>\n<p>Growth projection retained at 7.4 pc for 2018-19<\/p>\n<p>Projects retail inflation at 4.8-4.9 pc for April-September, 4.7 pc in H2<\/p>\n<p>Major upside risk to the inflation path as price of crude rose by 12 pc<\/p>\n<p>Volatile crude oil prices adds to uncertainty to the inflation outlook<\/p>\n<p>Investments recovering well; to get boost from swift resolution under IBC<\/p>\n<p>Geo-political risks, financial market volatility, trade protectionism to impact domestic growth<\/p>\n<p>Adherence to budgetary targets by the Centre and states will ease upside risks to the inflation outlook<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Mumbai Following a cycle of rate cuts begun in January 2015, the RBI on Wednesday raised its key interest rate for the first time by 25 basis points to 6.25 per cent, a central bank announcement said. The following are the highlights of the second bi-monthly monetary statement for 2018-19: RBI hikes key lending rate [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":33349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-33348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/33348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=33348"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/33348\/revisions"}],"predecessor-version":[{"id":33350,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/33348\/revisions\/33350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/33349"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=33348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=33348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=33348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}