RBI in its Second Bi-Monthly Statement with regard to ‘Monetary and Liquidity Measures’ made on 06.06.2016 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent; keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL); and continue to provide liquidity as required but progressively lower the average ex ante liquidity deficit in the system from one per cent of NDTL to a position closer to neutrality. Consequently, the following rates will remain unchanged.
CRR………………………………………. 4.00%
SLR………………………………………..21.50%
Repo Rate……………………………. 6.50%
Reverse Repo Rate………………. 6.00%
Marginal Standing Facility Rate………… 7.00%
Bank Rate………………………………….. 7.00%
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.
The SDR (Special Drawing Rights) is an international reserve asset created by the IMF as…
The World Trade Organization (WTO) is an intergovernmental organization established on January 1, 1995, replacing…
The RBI on Thursday said Gurugram-registered TalkCharge Technologies Pvt. Ltd. having its registered office at…
India is on its way to increase its exports by around three times to reach…
India faces substantial challenges in the area of trade policy—the global economic slowdown, increasing protectionism,…
There were many reasons for FDI inflows to India have remained low till lately compared…