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Latest RBI Policy Rates (Repo, Reverse Repo, MSF, Bank Rate) & Reserve Ratios (CRR, SLR) 2016
The Reserve Bank of India has on 4th October 2016 has slashed Repo rate by a quarter of a percent (0.25%). This makes loans cheaper and provides greater liquidity in the market. Now banks can borrow from RBI at 6.25%.
RBI's policy announcements hold significance for many reasons.
- A new procedure to decide policy rates has also been adopted. An act was passed in the parliament which called for keeping the retail price inflation between 2-6 percent.
- A committee has been formed comprising of representatives from both RBI and centre which now makes the call on key policy rates of the central bank.
- It was for the first time that a six member committee took the decision to reduce the repo rate and this decision was a unanimous one.
Latest Policy Rates of the Reserve Bank of India (RBI)
Here is the list of Current Policy Rates and Reserve Ratios of Indian Banking as on 22nd October 2016. Happy Reading :)
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Rates / Reserve Ratios
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4th October 2016
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4th October 2016
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Reverse Repo Rate
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4TH October 2016
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Cash Reserve Ratio (CRR)
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9th February 2013
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Statutory Liquidity Ratio (SLR)
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4th October 2016
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Marginal Standing Facility (MSF)
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4th October 2016
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