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RBI leaves key rates unchanged

The Reserve Bank of India (RBI) left its benchmark repo rate unchanged at 6.25%.

The Reverse Repo rate and Cash Reserve Ratio were also left unchanged at 5.75% and 4.00% respectively.

Summary:

Policy decision consistent with "neutral" mon pol stance with inflation target

Persistence of inflation exc food, fuel could set floor on further fall in headline number

Projects inflation range 4-4.5% in April-Sept 2017, 4.5-5.0% Oct-March

RBI remains committed to bringing inflation closer to 4% in calibrated manner on durable basis.

Will ensure efficient, appropriate liquidity management

Bigger fish to fry than watching EUR/USD – Societe General

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USD/CHF struggling to break through parity mark

The USD/CHF pair traded in positive territory for the second consecutive day but remained below yesterday's sharp swing higher beyond parity mark. Cu
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