By assessing the current and evolving macroeconomic situation, the Reserve Bank of India has decided to to keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 pct of net demand and time liability (NDTL)…
By assessing the current and evolving macroeconomic situation, the Reserve Bank of India has decided to to keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 pct of net demand and time liability (NDTL)
Also, keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.75 pct.
It has decided to continue to provide liquidity under overnight repos at 0.25 pct of bank-wise NDTL at the LAF repo rate and liquidity under 14-day term repos as well as longer term repos of up to 0.75 pct of NDTL of the banking system through auctions.
RBA Governor Dr. Raghuram G. Rajan announced to continue with daily variable rate repos and reverse repos to ensure smoothness in liquidity.
The reverse repo rate under the LAF will consequently remain stable at 5.75 pct, and the marginal standing facility (MSF) rate and the Bank Rate at 7.75 pct.
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