The
Reserve Bank of India (RBI), in its fifth Bi-monthly Monetary Policy
Statement for 2015-16, has decided to keep the repo rate same, with no
pulls or pressure from the market. Governor Raghuram Rajan declared that
the Repo Rate will be maintained at 6.75%, with CRR at 4%. Reverse Repo
Rate is held at 5.75%.
RBI in an official statement
said, "Since the fourth bi-monthly statement of September 2015, global
growth continues to be weak. Global trade has slowed further with waning
demand and oversupply in several primary commodities...