RBI Governor Urjit Patel says Global Economy Is Likely Slowing

RBI Governor Urjit Patel says Global Economy Is Likely Slowing


RBI governor Urjit Patel says global economy is likely slowing. Crude Oil Has Fallen 30% Due To Oversupply And Ease In Trade War Related Tensions.

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Key Points :

  • Global Financial Markets Have Been Volatile
  • GDP Growth Slowed In Q2 Due To Moderation In Consumption
  • Flow Of Bank Credit Has Become Increasingly Broad Based
  • Non-Food Bank Credit Growing Faster Than Nominal GDP
  • RBI Keeps Key Rates Unchanged
  • SLR To Be Cut To 18% Over 6 Quarters
  • SLR To Be Cut By 1.5% In 6 Quarters
  • RBI to Issue Consolidated Norms For FX Loans, Masala Bonds Dec-End
  • Floating Rate MSME Loans To Be Priced vs External Benchmark
  • FDI Flows May Increase With Improving Prospects Of External Sectors
  • RBI On GDP : Forecasts GDP Growth At 7.5% For H1FY20
  • Retains GDP Growth At 7.4% For 2018-19, H2FY19 GDP Seen At 7.2-7.3%
  • RBI On Inflation : Cuts Inflation Forecast To 2.7%-3.2% For H2FY19
  • Recent Food Inflation Has Surprised On The Downside
  • MPC Reiterates Medium Term Target For Headlines Inflation At 4%

RBI Governor Urjit Patel says Global Economy Is Likely Slowing <



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