Scope
Essay by 24 • March 13, 2011 • 371 Words (2 Pages) • 1,040 Views
he highlights of the Reserve Bank of India's first quarter review of Annual Policy for 2006-07(April-March) released Tuesday:
Ш Reverse Repo rate hiked by 25 bps to 6.00%
Ш Repo rate hiked by 25 bps to 7.00%
Ш Bank Rate unchanged at 6.00%
Ш Cash reserve ratio unchanged at 5.00%
Ш Inflation target maintained at 5.0-5.5%
Ш Gross Domestic Product target maintained at 7.5-8.0%
INFLATION
Ш Upside risks to inflation evident as oil price pass-through
incomplete.
Ш Outlook for inflation firming up.
Ш Price stability created conducive conditions for growth.
Ш Petrol, diesel price hike in Jun added 45 bps to headline inflation.
Ш Risks to inflation amplified by intl oil price rise
Ш Inflation monitored with supply-side response from govt.
Ш Rise in local, global food prices relevant factor for inflation.
Ш Global risks noted in Apr policy "materializing", "heightening"
GROWTH
Ш Corporate performance remain robust despite some deceleration.
Ш Investment activity picking up; environment is of capital
expenditures by cos.
Ш Companies' order books expanding.
MONETARY AGGREGATES
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