Banking News

RBI keeps rate unchanged as inflation remains concern


Mumbai, Aug 5 (PTI) Concerned over impact of weak monsoon on food price, Reserve Bank of India (RBI) Tuesday decided to keep the key policy rate unchanged but slashed statutory liquidity ratio (SLR) by 0.5 per cent to unlock about Rs 40,000 crore into the system. The revised SLR w.e.f 05.08.2014 is 22% , other rates are – Bank Rate(9%), MSF(9%), CRR(4%),  Repo Rate(8%) & Reverse Repo Rate(7%) 

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