Mid-Quarter Monetary Policy Review: March 2013


Based on an assessment of the current macroeconomic situation, RBI decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect; the reverse repo rate under the LAF stands adjusted to 6.5 per cent and the marginal standing facility (MSF) rate and the … [Read more...]

RBI Keeps Key Rates Unchanged

The Reserve Bank of India kept all the key rates unchanged in its Mid-Quarter Policy Review announced on December 18. The repo rate has been kept unchanged at 8 per cent and the cash reserve ratio has also been kept unchanged at 4.25 per cent. Consequently, the reverse repo rate will remain unchanged at 7 per cent, and the Marginal Standing Facility (MSF) … [Read more...]

Is CRR Still A Useful Instrument To Regulate Money Supply?

Cash reserve ratio

In its Second Quarter Review of Monetary Policy 2012-13, announced on October 30, 2012, the Reserve Bank announces the following Monitory Policy Measures: Cash Reserve Ratio: It has been decided to reduce the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.5 per cent to 4.25 per cent of their net demand and time liabilities (NDTL) … [Read more...]

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