RBI keeps repo, CRR, SLR, FY16 growth projection unchanged

New Delhi: The ​Reserve Bank of India (RBI) on Tuesday kept key policy rates unchanged. The repo rate has been left unchanged at 6.75 per cent, while the CRR and SLR at 4 per cent and 21.5 per cent respectively.  RBI says it is open to further policy accommodation based on positive data prints.

The RBI has also kept the GDP forecast unchanged at 7.4 per cent with a moderate downward bias, while saying that economy is showing signs of early recovery. The central bank has called for better supply management of food items to contain inflation arising from Rabi crop shortfall.

According to RBI, consumption demand is driven by urban markets, but rural demand is still anaemic.

RBI said it will closely watch the impact of 7th Pay Commission on inflation for future policy deliberations.

Meanwhile, the Federal Reserve is widely expected to raise US rates in December for the first time in nearly a decade.

Although India has outperformed other emerging markets over the past two years, the country is not immune to Fed-related worries.

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