RBI Update

·       In order to ease conditions for hedging FX risk, RBI increases the eligible limit for importers under Past Performance rule to 100% from existing limit of 50%.   ( 30th September )

http://rbidocs.rbi.org.in/rdocs/notification/PDFs/APDIR34NT092014.pdf

·        Reserve Bank of India Governor Raghuram Rajan left  Repo  interest rates unchanged at 8% , reverse repo at 7% , MSF at 9% , CRR at 4% and SLR at 22%  as widely anticipated, as he expect Inflation pressure will continue in the coming Months  30th September )

http://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/EPR701991EE18102F.pdf