Policy Repo Rate remains unchanged : RBI announces 5th Bi-Monthly Statement for 2018-19

December 5, 2018: The Monitory Policy Committee (MPC) of Reserve Bank of India in its  fifth  Bi-Monthly Statement for 2018-19, announced today(December 5,2018) keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent. Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal…

Interest Equalisation Scheme for Export Credit

The interest Equalisation Scheme (IES) for pre and post shipment rupee export credit is being implemented by Directorate (DGFT) through commercial banks.The scheme came into effect from 01.04.2015 and is for a period of 5 years.(The scheme was earlier called as ‘interest subvention scheme’  which was  existing for the period from August 2010 to 31.03.2015).…