Current Affairs April :- 1st april
Following are the highlights of RBI monetary policy review:
1. Repo rate unchanged at 8 pc.
2. Cash reserve ratio (CRR) too unchanged at 4 pc.
3. No rate hike if inflation continues to trend lower.
4 . Economic growth for 2014-15 expected at 5.5 pc.
5 . CAD expected to come down to 2 pc of GDP in 2014-15.
6 . Retail inflation expected to be under 6 pc in 2014.