Monetary Policy of RBI and its Latest Review

Dr. Sudhir Kumar Chauhan () and Dr. Shalabh Gupta ()
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Dr. Sudhir Kumar Chauhan: Associate Professor (Commerce), Govt. Degree College, Pihani, Hardoi
Dr. Shalabh Gupta: Research Scholar

Journal of Commerce and Trade, 2010, vol. 5, issue 1, 12-15

Abstract: The third quarter review of monetary policy the main challenge of RBI to control the inflation without hearting the growth. In the Q2 review RBI increase the SLR (statutory liquidity ratio ) 24 per cent to 25 per cent. Q3 review RBI policy action a 75 basis point increase in the CRR (cash reserve ratio) in two stages and no change in repo rate and the reverse repo rate. The increase of cash reserve ratio 36,000 crore of excess liquidity will be absorbed from the system. The result of CRR increase may be reduction in excess liquidity, to maintain an interest rate environment consistently, and actively manage liquidity to productive sector. We think that action of RBI is the best in present scenario and the RBI achieved the desired expectation.

Keywords: stress; employee attraction; pressure; turnover; retention strategies (search for similar items in EconPapers)
JEL-codes: A0 C0 (search for similar items in EconPapers)
Date: 2010
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