RBI TO UNVEIL QUARTERLY REVIEW OF MONETARY POLICY ON JULY 26

The Reserve Bank today said it will announce the first quarterly review of monetary policy on July 26.

This will be done in a meeting with the chief executives of major banks, RBI said in a statement.

In its mid quarterly review earlier this month, RBI raised key policy rates by 25 basis points in its effort to tame inflation.

The RBI has raised the short-term lending (repo) rate by 25 basis points to 7.50 per cent and the short-term borrowing (reverse repo) rate will move up by a similar margin to 6.5 per cent.

The rate hike was 10 time in the last 15 months as part of inflation containing measure.

SOURCE: http://economictimes.indiatimes.com/news/economy/policy/rbi-to-unveil-quarterly-review-of-monetary-policy-on-july-26/articleshow/9016242.cms