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    <title>Fourth Bi-monthly Monetary Policy Statement, 2015-16 by Dr. Raghuram G. Rajan, Governor</title>
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    <description>The Reserve Bank cut the policy repo rate by 50 basis points to 6.75%, kept the CRR at 4.0%, adjusted LAF operations to maintain liquidity (reverse repo at 5.75%, MSF and Bank Rate at 7.75%), and directed continued use of overnight, 14 day and longer term repo auctions and daily variable rate repos/reverse repos to support domestic demand amid contained inflation and incomplete bank transmission of past rate cuts.</description>
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