April 20, 2024 02:09 (IST)
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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.
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