Monetary Policy by RBI Central Bank of India

When RBI announced the Credit policy yesterday On the basis of an assessment of the current macroeconomic situation, it has been decided to:

1. keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.75 per cent of their net demand and time liabilities; and
2. keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent.
Consequently, the reverse repo rate under the LAF will remain unchanged at 7.0 per cent, and the marginal standing facility (MSF) Continue reading “Monetary Policy by RBI Central Bank of India”