First Quarter Review of the Annual Policy Statement on Monetary Policy for the Year 2007-08
Published By: RBI on eSS | Published Date: July, 31 , 2007*Bank Rate kept unchanged
*Cash Reserve Ratio to be increased by 50 basis points to 7.0 per cent with effect from
the fortnight beginning August 4, 2007
*GDP growth projection for 2007-08 retained at around 8.5 per cent, barring domestic or
external shocks
Author(s): Y V Reddy | Posted on: Jul 31, 2007 | Views(2271) | Download (749)