RBI cuts repo rate by 25 basis point

Reserve Bank of India (RBI) has cut down repo rate by 25 basis points to 7.75 percent from 8 percent, with immediate effect.

It was announced ahead of the scheduled date of monetary policy announcement on 3rd February 2015 as part of RBI’s 6th bi-monthly monetary policy statement.

RBI’s 6th bi-monthly monetary policy statement says that

  • Repo rate: RBI has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8.0 per cent to 7.75 per cent.
  • Cash reserve ratio (CRR): RBI has unchanged CRR and kept it at 4.0 per cent of net demand and time liabilities (NDTL).
  • Reverse repo rate: RBI has adjusted reverse repo rate under the LAF to 6.75 per cent.
  • While, RBI has adjusted Marginal standing facility (MSF) rate and the Bank Rate to 8.75 per cent with immediate effect.

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Categories: Banking Current Affairs 2017Business & Economy Current Affairs 2017

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Comments

  • Deepak
    Reply

    Thanks sir

  • netra
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