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    <title>Third Bi-monthly Monetary Policy Statement, 2015-16 By Dr. Raghuram G. Rajan, Governor</title>
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    <description>The Reserve Bank maintained an accommodative stance and left key rates unchanged-policy repo 7.25%, reverse repo 6.25%, MSF and Bank Rate 8.25%, and CRR 4.0%-while supplying liquidity via overnight and term repos and open market operations. It cited the need for fuller bank transmission of earlier rate cuts, rising June inflation (notably food and core inflation), near-normal monsoon prospects, and global headwinds; future action will depend on transmission, food price developments, supply-side reforms, and external monetary normalisation.</description>
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