STOCK MARKET BSE NSE

RBI to Announce Bi-monthly Monetary Policy Review Today

Reserve Bank of India (RBI) will announce its fifth Bi-monthly Monetary Policy Statement for 2015-16 at 11AM in here on Tuesday.

Published: 01st December 2015 09:29 AM  |   Last Updated: 01st December 2015 09:29 AM   |  A+A-

RBI_Reuters

Master Directions on foreign exchange consolidate relevant circulars issued so far and cover different classes of transactions permitted under the rules and regulations under the Foreign Exchange Management Act (FEMA). | File Reuters

By ANI

MUMBAI: The Reserve Bank of India (RBI) will announce its fifth Bi-monthly Monetary Policy Statement for 2015-16 at 11AM in here on Tuesday.

According to reports, the central bank is not likely to propose any further rate cuts ahead of the US Federal Reserve's policy review due mid-December.

Analysts say that RBI should exhibit its preparedness to face financial market volatility arising out of US Federal Reserve policy review.

The central bank is also mindful of the inflationary impact of a falling rupee, which has already hit a two-year low against the dollar recently.

Along with considering are the upcoming Federal Reserve’s meeting, the central bank will also have to take into account the impact of the 7th Pay Commission recommendations.

Federal Reserve meeting will be held on December 15-16 to take a call on interest rates.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp