RBI governor declares Annual Policy Statement for 2006/07
18 Apr '06
2 min read
Risk weight on exposures to commercial real estate raised to 150 per cent.
Exposure to venture capital funds treated as part of capital market exposure and assigned with higher risk weight of 150 per cent.
'When issued' market in Government securities announced.
Primary Dealers to be permitted to diversify their activities.
Barring the emergence of any adverse and unexpected developments in various sectors of the economy and keeping in view the current assessment of the economy including the outlook for inflation, the overall stance of monetary policy at this juncture will be:
To ensure a monetary and interest rate environment that enables continuation of the growth momentum consistent with price stability while being in readiness to act in a timely and prompt manner on any signs of evolving circumstances impinging on inflation expectations.
To focus on credit quality and financial market conditions to support export and investment demand in the economy for maintaining macroeconomic, in particular, financial stability.
To respond swiftly to evolving global developments.
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