RBI opts for status quo, promises rate cut if inflation drops

Mumbai: Continuing to accept vigilance, the Reserve Bank on Tuesday kept notice rates unmoved but promised to ease them if there is sooner disinflation even as it made clear that the important ballot vote results could effect in inclusive policy events.

However, the central bank in its bi-monthly policy appraisal not closed about Rs 40,000 crore of banking funds by wounding the constitutional liquidity ratio (SLR), the part of deposits banks park in government bonds, by 0.5 percent to 22.5 percent.