Thursday, March 16, 2017

RBI monetary policy review

Reserve Bank of India (RBI) in its fourth bi-monthly monetary policy review for year 2016-17 has cut the repo rate by 25 basis points to 6.25%. This monetary policy decision was taken by the newly constituted Monetary Policy Committee (MPC).  This was also Urjit Patel’s maiden monetary policy announcement as RBI Governor.
Repo rate under the liquidity adjustment facility (LAF): Reduced by 0.25 basis points to 6.25 percent.
Reverse repo rate under the LAF: It was adjusted to 5.75 per cent.
Marginal standing facility (MSF) and Bank Rate: It was adjusted to 6.75 per cent.
Reserve Ratios Cash Reserve Ratio (CRR) of scheduled banks: Unchanged at 4.0 per cent of net demand and time liability (NDTL).
Statutory Liquidity Ratio (SLR):20.75 per cent.

No comments:

Post a Comment

Worth reading