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…

Amendments to Reserve Bank of India (Note Refund) Rules, 2009

The Central Government has made amendments to the Reserve Bank of India (Note Refund) Rules, 2009. The amended rules called “the Reserve Bank of India (Note Refund) Amendment Rules, 2018” are effective from Gazette notification date September 6, 2018. The amendment to rules would help the public to exchange mutilated notes in Mahatma Gandhi (New)…