RBI Bi-monthly Monetary Policy Review: (Sixth) February 2016 - W3i.iN

02/02/2016

RBI Bi-monthly Monetary Policy Review: (Sixth) February 2016

RBI Bi-monthly Monetary Policy Review – Sixth Bi-monthly Monetary Policy Review February 2016: RBI announces new CRR, SLR, MSF, Bank Rates, Repo Rate & Reverse Repo Rate. What are the latest Rates set up RBI? The Reserve Bank of Indian (RBI) announced its Sixth Bi- monthly policy rates in Mumbai. Here is everything you need to know about RBI Bi-monthly Monetary Policy its rates and changes. Sixth RBI Bi-monthly Monetary Policy Review details are mentioned below.
According to RBI’s Sixth Bi-monthly Monetary Policy Review, the Repo rate is 6.75%, the Marginal Standing Facility (MSF) rate and the Bank rate is 7.75%, the Cash Reserve Ratio (CRR) is 4% and Statutory Liquidity Ratio (SLR) is 21.5%.

RBI Monetary Policy Review: February 2016


RBI Bi-monthly Monetary Policy Review

Rates
Current Rate
Previous Rate
Changes
Repo Rate
6.75%
6.75%
Unchanged
Reverse Repo Rate
5.75%
5.75%
Unchanged
Bank Rate
7.75%
7.75%
Unchanged
Cash Reserve ratio (CRR)
4%
4%
Unchanged
Marginal Standing Facility (MSF)
7.75%
7.75%
Unchanged
Statutory Liquidity Ratio (SLR)
21.5%
21.5%
Unchanged


Note: There is no change in the rates made by RBI in this review.

What Rates do RBI Maintain?

Candidates must know what all rates are there which RBI maintain in its Bi-monthly Monetary Policy Review. Here is about latest RBI Rates.

1Repo Rate: Repo Rate is the at which RBI lends money to commercial banks.

2Reverse Repo rate: Reverse Repo rate is the rate at which RBI borrows money from commercial banks.

3Bank Rate: Bank Rate is the rate at which the Reserve Bank is ready to buy or rediscount bills of exchange or other commercial papers for long term.

4Cash Reserve Ratio (CRR): CRR is share of net demand and time liabilities (deposits) that banks must maintain as cash balance with the Reserve Bank.

5Statutory Liquidity Ratio (SLR): SLR is share of net demand and time liabilities (deposits) that banks must maintain in safe and liquid assets, such as, government securities, cash and gold.

6Marginal Standing Facility (MSF) Rate: MSF is the rate at which the scheduled banks can borrow funds from the RBI overnight, against the approved government securities is termed as MSF.