As announced today (17.04.2020) and set out in Governor’s Statement, the Reserve Bank of India declared reduction in the fixed rate reverse repo under the Liquidity Adjustment Facility (LAF) by 25 basis points from 4.00 per cent to 3.75 per cent with immediate effect.
The policy repo rate under the LAF remains unchanged at 4.40 per cent and the interest rate on the marginal standing facility (MSF) under the LAF and the Bank Rate remain unchanged at 4.65 per cent.
With the above changes, the present key policy rates will be as under.
| CRR (Cash Reserve Ratio) | 3.00% |
| SLR (Statutory Liquidity Ratio) | 18.00 % |
| Repo Rate | 4.40% |
| Reverse Repo Rate | 3.75% |
| MSF Rate (Marginal Standing Facility Rate) | 4.65% |
| Bank Rate | 4.65% |
All other terms and conditions of the extant LAF Scheme will remain unchanged.
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