RBI Third Bi-monthly Monetary Policy on 9th August 2016: On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to:
- keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent;
- keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL); and
- continue to provide liquidity as required but progressively lower the average ex ante liquidity deficit in the system from one per cent of NDTL to a position closer to neutrality.
- The reverse repo rate under the LAF will remain unchanged at 6.0 per cent
- The marginal standing facility (MSF) rate and the Bank Rate at 7.0 per cent.
- Policy Rates on 9th August 2016 are:
- Policy Repo Rate : 6.50%
- CRR : 4.00%
- Reverse Repo Rate : 6.00%
- Marginal Standing Facility Rate : 7.00%
- Bank Rate : 7.00%
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