On the basis of an
assessment of the current and evolving macroeconomic situation at its meeting
today, the Monetary Policy Committee (MPC) decided to:
F Keep
the policy repo rate under the liquidity adjustment facility (LAF) unchanged at
6.25 per cent.
Consequent upon the
narrowing of the LAF corridor as elaborated in the accompanying Statement on
Developmental and Regulatory Policies, the reverse repo rate under the LAF is
at 6.0 per cent, and the marginal standing facility (MSF) rate and the Bank
Rate are at 6.50 per cent.
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CURRENT RATES
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POLICY RATES
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BANK RATE
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6.50 %
|
|
REPO RATE
|
6.25 %
|
|
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REVERSE REPO RATE
|
6 %
|
|
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MARGINAL STANDING FACILITY RATE
|
6.50 %
|
|
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RESERVE RATIO
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CRR
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4%
|
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SLR
|
20.50 %
|
|
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LENDING RATE
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BASE RATE
|
9.25% - 9.65%
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On the gross value add (GVA) basis, RBI sees the
economy accelerating to 7.4 per cent in the current fiscal, up from 6.7 per
cent in 2016-17.
The next meeting of the MPC is scheduled on June 5
and 6, 2017.
