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<h1>RBI to Announce Second Bi-monthly Monetary Policy Statement for Fiscal Year 2016-17 on June 7, 2016.</h1> The Reserve Bank of India is scheduled to release the Second Bi-monthly Monetary Policy Statement for the fiscal year 2016-17 on June 7, 2016, at 11:00 a.m. This announcement will be made through a press release.