1. RBI won't rely on 'a single data point' RBI Chief Raghuram Rajan, who has raised policy interest rates twice since taking office in Sep'13, said no single data point will determine its next move on curtailing high inflation amid a weak

2. $22.7 bn collection under special swap window: RBI has received $22.7 bn under the special concessional window to swap fresh foreign currency non-resident (bank), or FCNR (B) deposits and foreign currency borrowings. Both swap windows are open till November 30. 

3. RBI favors slashing SLR to free up funds for industry RBI has again stressed on the need to reduce the level of mandatory holding of government securities by banks, as that would enable credit flow to other sectors. It has, however, warned that it might have to wait until government finances improve and when pension funds gather size.

At present, banks are mandated to park 23% of the deposits mobilized by them in government bonds under what is called the statutory liquidity requirements, or SLR. However, most banks park much higher proportion in government bonds. As of November 1, the banking sector as a whole had parked almost 30% of the deposits in government bonds. This is almost 7 ppt in excess of the mandated requirement. economy

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