December 13, 2024 22:56 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Bengaluru techie suicide: Karnataka Police issues summons to wife Nikita, her family members | French President Macron appoints centrist leader Francois Bayrou as new Prime Minister | Congress always prioritised personal interest over Constitution: Rajnath Singh | Jaishankar calls attack on Hindus in Bangladesh 'a source of concern' | Allu Arjun arrested over woman's death in stampede during Pushpa 2 premiere show | RBI receives bomb threat in Russian language, case filed | UP teenager kills mother, lives with body for 5 days | At least six people including a child killed in Tamil Nadu hospital fire | Amid Atul Subhash row, SC says mere harassment is not enough to prove abetment to suicide | India's D Gukesh becomes youngest ever world champion in chess

First Bi-monthly Policy Statement for 2016-17 to be announced on Tuesday

| | Apr 04, 2016, at 06:52 pm
#First Bi-monthly Policy Statement # Raghuram Rajan # governor # Reserve Bank of India
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.
Related Images
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Gautam Adani meets Bangladesh PM Sheikh Hasina
Gautam Adani meets Bangladesh PM Sheikh Hasina Sep 06, 2022, at 06:46 am