THIRD QUARTER REVIEW OF MONETARY POLICY 2013-14
On the basis of an assessment of the current
and evolving macroeconomic situation, it has been decided to:
A Increase
the policy repo rate under the liquidity
adjustment facility (LAF) by 25 basis points
from 7.75 per cent to 8.0 per cent
A Keep
the cash reserve ratio (CRR) of scheduled
banks unchanged at 4.0
per cent of net demand and time liability (NDTL).
Consequently, the
reverse repo rate under the LAF stands adjusted at 7.0 per cent, and the
marginal standing facility (MSF) rate and the Bank Rate at 9.0 per cent.
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CURRENT RATES
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POLICY RATES
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BANK RATE
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9%
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REPO RATE
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8%
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REVERSE REPO RATE
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7%
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MARGINAL STANDING FACILITY RATE
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9%
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RESERVE RATIO
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CRR
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4%
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SLR
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23%
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LENDING RATE
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BASE RATE
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9.80% - 10.25%
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