Important : Latest Rates for CRR, SLR, Bank Rate, MSF, Repo and Reverse Repo 2016

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While unveiling the First Bi-Monthly Policy review of RBI today (5th April 2016), the Reserve Bank of India's governor Raghu Ram Rajan has cut RBI's policy rate by 0.25 per cent. Here are the Major Highlights of RBI's 1st Bi-Monthly monetary policy statement 2016-17.

Highlights of RBI's first bi-monthly monetary policy statement, 2016-17:

• Repo rate cut by 0.25% to 6.50%
• Reverse repo hiked by 0.25% to 6%
• Cash reserve ratio or CRR unchanged at 4%
• Minimum daily cash maintenance by banks with RBI cut by 5%
• MSF rate cut by 0.75% to lower banks' borrowing cost
  
• Policy to remain accommodative going forward
• Pegs 2016-17 growth forecast at 7.6%
• Expects inflation at around 5%
• Cut in small savings rate, MCLR introduction to improve monetary policy transmission
• Government adhering to fiscal consolidation path will help lower inflation
• 7th Pay Commission award to put upward pressure of up to 1.5% on inflation
• Proposes custodian banks; banks focusing on wholesale and long term financing
• Second bi-monthly monetary policy on June 7. 

You can check current RBI Rates from below table.

Current RBI Rates2016

	Rates / Reserve Ratios
			29th September 2015
			5th April 2016
	Reverse Repo Rate		5th April 2016
	Cash Reserve Ratio (CRR)		9th February 2013
	Statutory Liquidity Ratio (SLR)		3rd February 2015
	Marginal Standing Facility (MSF)		5th April 2016

 

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