Categories: Bank News

RBI’s Sixth Bi-Monthly Statement : Repo, CRR etc.

RBI in its Sixth Bi-Monthly Statement with regard to ‘Monetary and Liquidity Measures’ made on 02.02.2016 decided to keep, policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.75 per cent. The following rates as a consequence remain unchanged.
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 to 8.40%
The Central Bank continue to provide liquidity under overnight repos at 0.25 per cent of bank-wise NDTL at the LAF repo rate and liquidity under 14-day term repos as well as longer 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.

Surendra Naik

Share
Published by
Surendra Naik

Recent Posts

Core elements of Sustainable Development

Sustainable development or 'Sustainability for development' refers to the development that is done without damaging…

5 hours ago

Non-standard practices of charging interest by lenders: RBI directs corrective action

The Reserve Bank of India today, in its circular informed that during the onsite examination…

8 hours ago

The list of Priority Sectors identified in India and PSL lending norms

Priority Sector lending (PSL) means bank lending to those sectors that the Government of India…

1 day ago

International Economic Organizations: The World Bank

The World Bank was established in 1944 in the name of the International Bank for…

2 days ago

International organisations: The IMF

International Monetary Fund (IMF) is an important financial agency of the United Nations and an…

2 days ago

What is SDR?

The SDR (Special Drawing Rights) is an international reserve asset created by the IMF as…

3 days ago