RBI keeps key rates unchanged

Published on April 07, 2015 12:29:21 PM
Business
Reserve Bank of India (RBI) has kept all the key rates unchanged in its first Bi-monthly monetary policy statement released on Tuesday.

The RBI has taken this crucial decision assessing the current and evolving macroeconomic.
The details are of Monetary and liquidity measures as follows:

Policy repo rate under the liquidity adjustment facility (LAF) unchanged at 7.5 per cent;

Cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liability (NDTL);

Continue to provide liquidity under overnight repos at 0.25 per cent of bank-wise NDTL at the LAF repo rate and liquidity under 7-day and 14-day 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.

 Consequently, the reverse repo rate under the LAF will remain unchanged at 6.5 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 8.5 per cent.