Credit policy highlights: 2016-17

Here are the highlights of the policy statement presented on 7 June and last six preceding

Each year the Reserve Bank of India issues six bi-monthly statements on monetary policy. Given below are the highlights of the policy statement presented yesterday (7 June 2017) and last six preceding monetary policy statements. 

Key highlights of the June 2017 policy statement

• Repo and reverse repo rates unchanged at 6.25% and 6%, respectively
• Statutory Liquidity Ratio (SLR) cut by 0.5% to 20% 
• Growth forecast for 2017-18 lowered to 7.3% from 7.4% 
• Inflation projected between 2 and 3.5% for H1, 3.5 and 4.5% H2 in the current  fiscal
• GST roll out will not have a negative impact on inflation 
• Policy stance remains neutral 
• Farm loan waivers may