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CRISIL Monetary Policy Review


A slice on debut

In the first policy meeting of the monetary policy committee (MPC) chaired by the new Reserve Bank of India (RBI) governor Urjit Patel, the repo rate was reduced by 25 basis points (bps) to 6.25%. As a result, the reverse repo adjusted to 5.75% and the marginal standing facility rate (MSF) to 6.75% for maintaining a 100 bps band around the policy rate. The decision to cut rates was unanimous with all the six members of the MPC voting in favour. Read More>>

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