RBI fourth bi monthly policy review statement tomorrow


    Mumbai, Oct 3 : The Monetary Policy Committee of the Reserve Bank of India meeting here for two days here from today is unlikely to make any changes to the policy rates in view of the prevailing economic conditions and maintain status quo.
    The committee in its previous meeting on August 1 and 2 had reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect.
    Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent.