CURRENT UPDATE : RBI - FIFTH BI-MONTHLY MONETARY POLICY STATEMENT 2014-2015

FIFTH BI-MONTHLY MONETARY POLICY STATEMENT 2014-2015

Monetary and Liquidity Measures

On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to:

`      Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent

`      Keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL)

`      Continue to provide liquidity under overnight repos at 0.25 per cent of bank-wise NDTL at the LAF repo rate and liquidity under 7-day and 14-day term repos of up to 0.75 per cent of NDTL of the banking system through auctions

`      Continue with daily one-day term repos and reverse repos to smooth liquidity.

Consequently, the reverse repo rate under the LAF will remain unchanged at 7.0 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 9.0 per cent.

CURRENT RATES
POLICY RATES	BANK RATE	9%
	REPO RATE	8%
	REVERSE REPO RATE	7%
	MARGINAL STANDING FACILITY RATE	9%
RESERVE RATIO	CRR	4%
	SLR	22%
LENDING RATE	BASE RATE	10% - 10.25%

The sixth bi-monthly monetary policy statement is scheduled on Tuesday, February 3, 2015.

For more details about :  Fifth Bi-Monthly Monetary Policy Statement 2014-2015