December 1, 2015
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Monetary policy: repo rate 6.75% unchanged, CRR 4% retained, ongoing liquidity operations continue and inflation path monitored.
The Reserve Bank held the policy repo rate at 6.75% and the cash reserve ratio at 4.0%, maintaining reverse repo, MSF and Bank Rate levels; it will continue targeted liquidity provision through overnight, 14-day and longer-term repos and daily variable-rate operations. The Bank noted weak global demand, mixed domestic signals with rising CPI inflation and a moderate agricultural outlook, and stated a cautiously accommodative stance while advancing transmission reforms and monitoring inflation, commodity prices and external developments.