In the 6th bi-monthly monetary policy review, Reserve Bank of India (RBI) kept therepo and reverse repo rate unchanged at 6.75% and 5.75% respectively.
- Cash reserve ratio (CRR) of scheduled banks unchanged at 4.0% of net demand and time liability (NDTL).
In the bi-monthly monetary policy review, RBI also emphasized the need for ease of doing business, in line with the Government’s Start-up India initiative and plans to contribute to an ecosystem that is conducive for growth of start-ups.
Other Rates:
- Bank Rate – 7.75% (Unchanged)
- MSF (Marginal Standing Facility) – 7.75% (Unchanged)
- SLR (Statutory Liquidity Ratio) – 21.5% (Unchanged)
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