Banking News

RBI keeps key rates unchanged


In its first bimonthly monitory policy statement for 2015-16, RBI today (07/04/2015) said that on the basis of an assessment of current and evolving macro-economic situation, it has been decided to continue the following rates unchanged.

CRR……………………………………….  4.00%
SLR………………………………………..21.50%
Repo Rate…………………………….     7.50%
Reverse Repo Rate……………….     6.50%
Marginal Standing Facility Rate   8.50%
Bank Rate………………………………    8.50%

Call Rates…………………………………  6.40 to8.40%

RBI continues to provide liquidity under overnight repos of 0.25 percent of bank-wise NDTL at the LAF repo rate and liquidity under 7-day and 14-day term repos of up to 0.75 percent of bank-wise NDTL of the banking system through auctions and continue with daily variable rate term repo and reverse repo auctions to smooth liquidity.

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