business








Monetary Policy Review On Oct 4; RBI To Maintain Status Quo?

The fourth bi-monthly monetary policy review for this fiscal year is to be announced by the RBI on 4th October 2017. This policy review is in the backdrop of inflation with an upward bias, moderation in economic growth, a decline in bank credit and bank deposits growth, increasing GSecs yields and sudden depreciation of the rupee vis-à-vis dollar.