https://www.taxtmi.com/news?id=3560 The Reserve Bank kept policy rates and reserve requirements unchanged while reducing the statutory liquidity ratio of scheduled commercial banks by one percentage point to ease liquidity and support private sector credit. The decision reflects a balance between persistent headline inflation driven by food and input costs and a slower growth trajectory with a small output gap; lowering policy rates was deemed likely to fuel inflation without assured growth benefits. The Bank emphasised objectives of inflation containment, sustaining medium term growth, maintaining liquidity for productive credit, and readiness to address external and domestic risks. en-us Tue, 31 Jul 2012 14:18:45 +0530 Tue, 31 Jul 2012 14:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3560 The Reserve Bank kept policy rates and reserve requirements unchanged while reducing the statutory liquidity ratio of scheduled commercial banks by one percentage point to ease liquidity and support private sector credit. The decision reflects a balance between persistent headline inflation driven by food and input costs and a slower growth trajectory with a small output gap; lowering policy rates was deemed likely to fuel inflation without assured growth benefits. The Bank emphasised objectives of inflation containment, sustaining medium term growth, maintaining liquidity for productive credit, and readiness to address external and domestic risks. News - Tue, 31 Jul 2012 14:18:45 +0530 https://www.taxtmi.com/news?id=3560