Tuesday, April 14, 2015

RBI step - on 3rd Feb 15

No Change in Interest Rates

SLR reduced by 50 basis points to 21.5 % 

CRR remains unchanged

Current Account Deficit at 1.3 % of GDP for 2014-15

Inflation Target 6 % by Jan 2016.

GDP growth estimate under old base for 2014-15: 5.5 %

GDP growth estimate under old base for 2015-16: 6.5 %

Limit of Foreign Exchange Remittance doubled to USD 250,000 per person annually

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