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    <title>Fifth Bi-monthly Monetary Policy Statement, 2015-16 by Dr. Raghuram G. Rajan, Governor</title>
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    <description>The Reserve Bank held the policy repo rate at 6.75% and the cash reserve ratio at 4.0%, maintaining reverse repo, MSF and Bank Rate levels; it will continue targeted liquidity provision through overnight, 14-day and longer-term repos and daily variable-rate operations. The Bank noted weak global demand, mixed domestic signals with rising CPI inflation and a moderate agricultural outlook, and stated a cautiously accommodative stance while advancing transmission reforms and monitoring inflation, commodity prices and external developments.</description>
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