M P C Unaimously voted for keeping Repo Rate unchanged....!

The monetary policy committee (M P C) members unaimously decided to keep the repo unchanged at 6.25 percent in the bi-monthly monetary policy that was held in December.

According to the minutes of M P C meetings released by the RBI, Governor Urjit Patel said that achieving the inflation target of 5 percent for Q4 of 2016-17 and securing 4 percent- the central point of the notified target range remains the primary objective.

The RBI governor said that global financial conditions pose a threat to macro-economic and financial stability, with large fluctuations in capital flows and assets prices imparting which gets transmitted into inflation. He said that this uncertanity shows no signs of subsiding and is likely to get accentuated in thw coming year as U.S macroeconomic and trade policies realign.

The RBI governor said global financial conditions pose threat to macro-economic and financial slability, with large fluctuations in capital flows and assets prices imparting volatiliy while get transmitted into inflation. He said this uncertainty shows no sign of subsiding and is likely to get accentuated in the coming year as U.S macroeconomic and trade realign.

"The impact of withdrawal of Specified Bank Notes (S B N) on growth inflation, while uncertain is transitory . Against this backdrop it is important monetary policy.

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