Banking News

Latest Repo rate, Reverse Repo Rate,  CRR, SLR,Bank Rate, MSF Rate...

Latest Repo rate, Reverse Repo Rate, CRR, SLR,Bank Rate, MSF Rate…


The key policy rates are constantly updated to reflect the new rates on the announcement of bimonthly statements with regard to ‘Monetary and Liquidity Measures, made by RBI. The Reserve Bank of India, decides to keep the policy rate under Liquidity adjustment facility (LAF) for next two months ( viz. in the months of April, June, August, October, December, February), of every year on the basis of an assessment of the current and evolving macroeconomic situation in the country.)

RBI in its fifth Bi-Monthly Statement with regard to ‘Monetary and Liquidity Measures’ made on 07.12.2016 decided to maintain the policy repo rate unchanged .

CRR (Cash Reserve Ratio)   4.00%
SLR  (Statutory Liquidity Ratio)

(a) 20.75 per cent from October 1, 2016; and
(b) 20.50 per cent from January 7, 2017

20.75%/

20.50%

Repo Rate   6.25%
Reverse Repo Rate   5.75%
MSF Rate (Marginal Standing Facility Rate)   6.75%
Bank Rate   6.75%

The Central Bank continue to provide liquidity under overnight repo at 0.25 per cent of bank-wise NDTL at the LAF repo rate and liquidity under 14-day term repo as well as longer term repo of up to 0.75 per cent of NDTL of the banking system through auctions; and continue with daily variable rate repo and reverse repo to smooth liquidity.

Previous policy rates

In the Policy Key rates announced on August 9, 2016,  RBI 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 u

In the previous   ‘Key Policy Rates’ announced by RBI on October 4, 2016, decided to cut the policy repo rate by 25 bps under the liquidity adjustment facility (LAF). Accordingly, the new Repo rate is reduced to 6.25 per cent from earlier 6.50%. The cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 percent of Net demand and time liabilities (NDTL).

The latest  key policy rates are as under

CRR (Cash Reserve Ratio)   4.00%
SLR  (Statutory Liquidity Ratio)

(a) 20.75 per cent from October 1, 2016; and
(b) 20.50 per cent from January 7, 2017

20.750%/

20.50%

Repo Rate   6.25%
Reverse Repo Rate   5.75%
MSF Rate (Marginal Standing Facility Rate)   6.75%
Bank Rate   6.75%

The Central Bank continue to provide liquidity under overnight repo at 0.25 per cent of bank-wise NDTL at the LAF repo rate and liquidity under 14-day term repo as well as longer term repo of up to 0.75 per cent of NDTL of the banking system through auctions; and continue with daily variable rate repo and reverse repo to smooth liquidity.

 

Previous policy rates

In the Policy Key rates announced on August 9, 2016,  RBI 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);

The present key policy rates are as under

CRR (Cash Reserve Ratio) 4%
SLR  (Statutory Liquidity Ratio) 21.50%
Repo Rate 6.50%
Reverse Repo Rate 6.00%
MSF Rate (Marginal Standing Facility Rate) 7.00%
Bank Rate 7.00%

The Central Bank continue to provide liquidity under overnight repo at 0.25 per cent of bank-wise NDTL at the LAF repo rate and liquidity under 14-day term repo as well as longer term repo of up to 0.75 per cent of NDTL of the banking system through auctions; and continue with daily variable rate repo and reverse repo to smooth liquidity.

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