https://www.taxtmi.com/news?id=3562 The Reserve Bank retains a policy stance prioritising inflation control while supporting sustainable medium-term growth and ensuring liquidity for credit. Given sticky inflation driven by food and input costs and supply constraints, policy rates and the cash reserve ratio are retained, while the statutory liquidity ratio is reduced by one percentage point with effect from the notified fortnight. The Bank raises its headline inflation projection for the year and revises growth downward, warning of intensified external and domestic risks including the twin deficits and uneven monsoon, and pledges continued use of liquidity operations and readiness to respond to shocks. en-us Tue, 31 Jul 2012 14:20:59 +0530 Tue, 31 Jul 2012 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3562 The Reserve Bank retains a policy stance prioritising inflation control while supporting sustainable medium-term growth and ensuring liquidity for credit. Given sticky inflation driven by food and input costs and supply constraints, policy rates and the cash reserve ratio are retained, while the statutory liquidity ratio is reduced by one percentage point with effect from the notified fortnight. The Bank raises its headline inflation projection for the year and revises growth downward, warning of intensified external and domestic risks including the twin deficits and uneven monsoon, and pledges continued use of liquidity operations and readiness to respond to shocks. News - Tue, 31 Jul 2012 14:20:59 +0530 https://www.taxtmi.com/news?id=3562