In the fifth bi-monthly monitory policy statement for 2015-16 (01.12.2015), RBI said that on the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to keep policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.75 percent. The cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liability (NDTL);
Consequently reverse repo rate, Bank rate, MSF rate remain unchanged which are as under
CRR………………………………………. 4.00%
SLR………………………………………..21.50%
Repo Rate……………………………. 6.75%
Reverse Repo Rate………………. 5.75%
Marginal Standing Facility Rate………… .7.75%
Bank Rate………………………………….. 7.75%
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.
