Reserve Bank of India’s Governor Dr. Raghuram G. Rajan has announced fifth bi-monthly monetary policy review in which key policy interest rate remained unchanged on the basis of current and evolving macroeconomic situation.
Current interest rates:
- Repo rate under the liquidity adjustment facility (LAF) – unchanged at 6.75%
- Reverse repo rate under the LAF – unchanged at 5.75%
- Marginal standing facility (MSF) rate and the Bank Rate has unchanged at7.75%
- Cash Reserve Ratio (CRR) of scheduled banks – Unchanged at 4.0% of net demand and time liability (NDTL).
Continuation of liquidity under overnight repos at 0.25 % of bank-wise NDTL at the LAF repo rate.Continuation of liquidity under 14-day term repos as well as longer term repos of up to 0.75 % of NDTL of the banking system through auctions.
No comments:
Post a Comment