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    <title>Third Quarter Review of Monetary Policy 2012-13</title>
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    <description>The Reserve Bank reorients policy to support growth while containing inflation: GDP 2012-13 projection revised to 5.5 per cent, WPI projection for March 2013 to 6.8 per cent, M3 to 13.0 per cent and non-food credit to 16.0 per cent. Key risks include a large current account deficit, supply constraints, weak investment demand and banking asset quality. Monetary measures: repo rate cut of 25 basis points to 7.75 per cent, reverse repo 6.75 per cent, MSF and Bank Rate 8.75 per cent, and CRR reduced by 25 basis points to 4.0 per cent, injecting about `180 billion.</description>
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    <pubDate>Wed, 30 Jan 2013 12:42:49 +0530</pubDate>
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      <title>Third Quarter Review of Monetary Policy 2012-13</title>
      <link>https://www.taxtmi.com/news?id=4609</link>
      <description>The Reserve Bank reorients policy to support growth while containing inflation: GDP 2012-13 projection revised to 5.5 per cent, WPI projection for March 2013 to 6.8 per cent, M3 to 13.0 per cent and non-food credit to 16.0 per cent. Key risks include a large current account deficit, supply constraints, weak investment demand and banking asset quality. Monetary measures: repo rate cut of 25 basis points to 7.75 per cent, reverse repo 6.75 per cent, MSF and Bank Rate 8.75 per cent, and CRR reduced by 25 basis points to 4.0 per cent, injecting about `180 billion.</description>
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