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RBI Monetary Policy Review February 2019.

Key Highlights of RBI Monetary Policy.

 

 

 

 

 

 

 

Key Highlights of RBI Monetary Policy.

  • Repo rate been lowered to 6.25% from 6.50%.

  • Repo rate cut by 25 basis points and stance of policy changed from calibrated tightening to neutral.

  • Reverse repo rate cut to 6 pc, bank rate to 6.5 pc, CRR unchanged at 4 pc.

  • Crude oil prices up from December lows, but below October peak. Base metals recovering on hopes of thawing of trade disputes and production disruptions. Gold prices up on geo-political uncertainty and volatility in equity markets.

  • Gross value added (GVA) for FY19 seen at 7.0 percent against 6.9 percent in FY18. Agricultural, services GVA to soften, industrial GVA to grow.

  • Real gross domestic product (GDP) growth for FY19 estimated at 7.4 percent. 

  • Inflation in household goods and services; health; recreation and amusement; and education, up in December.

  • Increase limit of collateral-free agricultural loans From 1 lakh to 1.6 lakh.

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