News Details

RBI maintains status quo on key rates

 

The 6-member Monetary Policy Committee of the Reserve Bank of India (RBI), headed by Governor Urjit Patel, in its 5th bi-monthly review in the current fiscal, kept the repo rate unchanged at 6 per cent and the reverse repo at 5.75 per cent, citing inflationary concerns.

 

For the second half of the current financial year, the inflation estimate was raised to 4.3-4.7 per cent, from the earlier projection of 4.2-4.6 per cent.

 

However, the growth forecast was retained at 6.7 per cent for 2017-18, said a release.

 

Source: Exim News Service - MUMBAI, Dec. 6

EXIM INDIA PROFILE

click here!!

Search News

Currency Import Export
U.S.Dollar 64.78 63.91
U.K.Pound 87.38 85.55
Euro 76.76 75.45

As On 14th December, 2017

more forex rates...

Currency Import Export
U.S.Dollar 65.40 63.70
Sterling Pound 87.75 84.90
Euro 77.50 74.85

w.e.f. 08th December, 2017

more custom rates...

CURRENT EVENT