Cases
RESERVE BANK OF INDIA
First Quarter Review of Monetary Policy 2009-10
Dr. D. Subbarao Governor
July 28, 2009 Mumbai
CONTENTS
Page No. I. Macroeconomic and Monetary Developments............................................ 2 Global Outlook ........................................................................................ 2 Emerging Market Economies .................................................................. 4 Domestic Outlook .................................................................................... 4
II. Stance of Monetary Policy ........................................................................... 19 Liquidity Impact .................................................................................... 19 Growth Projection .................................................................................. 21 Inflation Projection ................................................................................ 21 Monetary Projection .............................................................................. 22 Overall Assessment................................................................................ 22 Policy Stance .......................................................................................... 25
III. Monetary Measures ...................................................................................... 26
ACRONYMS
ADRs BE BEI BoP BPLRs BSE CBLO CD CDS CP CPI CRR CSO ECB ECBs EMEs EXIM FCCBs FDI FICCI FIIs FRBM GDP GDRs GSDP IIP IMF LAF LIC M3 MSS American Depository Receipts Budget Estimates Business Expectation Index Balance of Payments Benchmark Prime Lending Rates The Stock Exchange, Mumbai Collateralised Borrowing and Lending Obligation Certificate of Deposit Credit Default Swap Commercial Paper Consumer Price Index Cash Reserve Ratio Central Statistical Organisation European Central Bank External Commercial Borrowings Emerging Market Economies Export-Import Bank of India Foreign...
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