Banking News

RBI’s Sixth Bi-Monthly Statement : Repo, CRR etc.


RBI in its Sixth Bi-Monthly Statement with regard to ‘Monetary and Liquidity Measures’ made on 02.02.2016 decided to keep, policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.75 per cent. The following rates as a consequence remain unchanged.
CRR………………………………………. 4.00%
SLR………………………………………..21.50%
Repo Rate……………………………. 6.75%
Reverse Repo Rate………………. 5.75%
Marginal Standing Facility Rate………… .7.75%
Bank Rate………………………………….. 7.75%
Call Rates……………………………………6.40 to 8.40%
The Central Bank continue to provide liquidity under overnight repos at 0.25 per cent of bank-wise NDTL at the LAF repo rate and liquidity under 14-day term repos as well as longer term repos of up to 0.75 per cent of NDTL of the banking system through auctions; and continue with daily variable rate repos and reverse repos to smooth liquidity.

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