June 26, 2026 01:33 am (IST)
Follow us:
First Bi-monthly Policy Statement for 2016-17 to be announced on Tuesday
Mumbai, Apr 4 (IBNS) Dr. Raghuram Rajan, Governor, Reserve Bank of India will announce the First Bi-monthly Policy Statement for the year 2016-17 on Tuesday, which will determine the direction to be followed by the Indian market in the coming months.
According to media reports, the market is already expecting the central bank to cut interest rates by 25 basis points (bps); therefore, an in-line or less-than-expected rate cut will not augur well for the market.
The Reserve Bank of India will also release the Monetary Policy Report – April 2016 along with the First Bi-monthly Policy Statement for the year 2016-17 on the same day.
Apropos the announcement of the First Bi-monthly Policy Statement for the year 2016-17, Dr. Raghuram Rajan, and the Deputy Governors of the Reserve Bank of India will interact with the media in Mumbai on Tuesday.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Amazon's massive India bet! Andy Jassy announces $48 billion investment after meeting PM Modi
Thu, Jun 25 2026
Rajesh Exports crashes 5%! ED probe triggers fresh investor panic
Thu, Jun 25 2026
Oil prices crash, IndiGo takes off! Aviation and fuel stocks emerge as biggest winners
Thu, Jun 25 2026
Decentralizing Spending Without Losing Control - A Leader's Approach to Modern Expense Governance
Thu, Jun 25 2026
Adani stocks soar! Investors rush in after Gautam Adani unveils massive Rs 2 lakh crore expansion plan
Wed, Jun 24 2026