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Other highlights of RBI monetary policy

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Press Trust of India New Delhi

The following are the other highlights of the RBI's mid-quarter review of the credit policy:

* Marginal Standing Facility thus rises to 8.5%

* Other key rates and ratios remain  unchanged * RBI says inflation persists at uncomfortable levels

* Central bank says will  continue with its anti-inflationary monetary policy.

* Inflation spreading to non-food items a cause of concern, says RBI

* Inflation numbers understate the pressure as fuel prices have yet to reflect global crude oil prices, RBI says

* RBI says global commodity prices moderating, but too early to downgrade this as a risk factor

* Impact of recent monetary policy actions still unfolding, says RBI

* Economic growth outlook remains unchanged at about 8% for the current fiscal

* Forty-five banks raised base rate by 25-100 basis points after the May 3 annual monetary policy.

 

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First Published: Jun 16 2011 | 1:09 PM IST

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