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    <title>Third Bi-Monthly Monetary Policy Statement, 2014-15 By Dr. Raghuram G. Rajan, Governor</title>
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    <description>Policy repo rate remains at 8.0% and CRR at 4.0%; SLR reduced by 50 basis points to 22.0% of NDTL from the fortnight beginning August 9, 2014. Liquidity support via overnight repos (0.25% of bank-wise NDTL) and 7- and 14-day term repos (up to 0.75% of system NDTL) continues; reverse repo stays at 7.0% and MSF/Bank Rate at 9.0%. The RBI stresses a vigilant stance to achieve CPI inflation of 8% by Jan 2015 and 6% by Jan 2016, and lowers the HTM ceiling for SLR securities to 24% of NDTL to facilitate credit expansion.</description>
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    <pubDate>Tue, 05 Aug 2014 12:32:21 +0530</pubDate>
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      <title>Third Bi-Monthly Monetary Policy Statement, 2014-15 By Dr. Raghuram G. Rajan, Governor</title>
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      <description>Policy repo rate remains at 8.0% and CRR at 4.0%; SLR reduced by 50 basis points to 22.0% of NDTL from the fortnight beginning August 9, 2014. Liquidity support via overnight repos (0.25% of bank-wise NDTL) and 7- and 14-day term repos (up to 0.75% of system NDTL) continues; reverse repo stays at 7.0% and MSF/Bank Rate at 9.0%. The RBI stresses a vigilant stance to achieve CPI inflation of 8% by Jan 2015 and 6% by Jan 2016, and lowers the HTM ceiling for SLR securities to 24% of NDTL to facilitate credit expansion.</description>
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