Equity MRK
Friday, December 14, 2018   
Adani Ports  368.95    (-0.65%)
 
Asian Paints  1340.05    (1.51%)
 
Axis Bank  618.70    (0.09%)
 
Bajaj Auto  2824.70    (-0.40%)
 
Bharti Airtel  318.80    (5.32%)
 
Coal India  246.75    (0.80%)
 
H D F C  1904.15    (-1.95%)
 
HDFC Bank  2093.75    (-0.35%)
 
Hero Motocorp  3313.50    (0.01%)
 
Hind. Unilever  1856.80    (0.21%)
 
ICICI Bank  352.10    (0.80%)
 
IndusInd Bank  1608.00    (0.07%)
 
Infosys  705.60    (1.31%)
 
ITC  275.65    (0.02%)
 
Kotak Mah. Ban...  1255.25    (-0.54%)
 
Larsen & Toubr...  1411.55    (-0.95%)
 
M & M  755.80    (-0.26%)
 
Maruti Suzuki  7654.10    (-0.13%)
 
NTPC  143.65    (1.84%)
 
O N G C  146.95    (2.58%)
 
Power Grid Cor...  185.50    (1.39%)
 
Reliance Inds.  1111.75    (0.45%)
 
St Bk of India  289.15    (0.19%)
 
Sun Pharma.Ind...  419.75    (-0.57%)
 
Tata Motors  166.90    (0.27%)
 
Tata Motors-DV...  91.65    (0.88%)
 
Tata Steel  513.40    (0.22%)
 
TCS  1989.25    (0.28%)
 
Vedanta  201.20    (0.40%)
 
Wipro  333.10    (-1.67%)
 
Yes Bank  180.35    (3.23%)
 
Market Menu
plusminDaily Market Tracker
plusminNews
Corporate Information
Corporate Actions
Other Markets
Close
You are here : Equity | News | Economy News
Monetary Policy Stance Probably Required Calibration Says Ministry Of Finance
(12:56, 06 Dec 2018)

The Secretary, Department of Economic Affairs, Subhash Chandra Garg in a Statement said that the assessment of the RBI’s Monetary Policy Committee (MPC) for growth and inflation outlook is consistent with the Government’s assessment of inflation and growth, according to a latest official press release. Garg said that the Government welcomes the assessment of the MPC. The Government notes its decision to maintain the Policy Rate. The policy stance probably required calibration, he added.
The RBI has also decided to reduce SLR from existing 19.5% to 18.0% in six quarterly instalments beginning January 2019. Secretary, DEA,Shri Garg said that this will have some implications for the Government securities. However, the momentum created by the reduction in oil prices and reversal of foreign flows has resulted in further moderation of yields post policy announcement, he concluded.

The MPC in its Fifth bi-monthly Statement noted that on the basis of its assessment of the current and evolving macroeconomic situation, it decided to keep the Policy Repo Rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.5%. The MPC has, however, retained its stance of ‘calibrated tightening’.

The GDP growth projection for 2018-19 is retained at 7.4% as in the Fourth Bi-monthly Resolution in October, 2018. The projections of inflation for 2018-19 and Q1:2019-20 have been substantially revised downwards from the October resolution.

Powered by Capital Market - Live News