Important : Latest Rates For Crr, Slr, Banking Concern Rate, Msf, Repo Together With Opposite Repo 2016

Important Update : RBI on 7th Feb 2019 has changed the Policy Rates again. You tin strength out cheque those New Rates from HERE
While unveiling the First Bi-Monthly Policy review of RBI today (5th Apr 2016), the Reserve Bank of India’s governor Raghu Ram Rajan has cut RBI’s policy charge per unit of measurement past times 0.25 per cent (five years low). Here are the Major Highlights of RBI’s 1st Bi-Monthly monetary policy contention 2016-17.

Highlights of RBI’s kickoff bi-monthly monetary policy statement, 2016-17:

  • Repo charge per unit of measurement cutting past times 0.25% to 6.50%
  • Reverse repo hiked past times 0.25% to 6%
  • Cash reserve ratio or CRR unchanged at 4%
  • Minimum daily cash maintenance past times banks amongst RBI cutting past times 5%
  • MSF charge per unit of measurement cutting past times 0.75% to lower banks’ borrowing toll
  • Policy to stay accommodative going frontwards
  • Pegs 2016-17 increment forecast at 7.6%
  • Expects inflation at some 5%
  • Cut inwards pocket-sized savings rate, MCLR introduction to amend monetary policy transmission
  • Government adhering to financial consolidation path volition assistance lower inflation
  • 7th Pay Commission laurels to pose upward pressure level of upwards to 1.5% on inflation
  • Proposes custodian banks; banks focusing on wholesale together with long term financing
  • Second bi-monthly monetary policy on June 7. 
You tin strength out cheque electrical flow RBI Rates from below table.

Current RBI Rates2016

S. No
Rates / Reserve Ratios
%
W.e.f
1
Bank Rate
7.00 %
29th September 2015

2
Repo Rate
6.50 %
fifth Apr 2016

3
Reverse Repo Rate
6.00%
fifth Apr 2016

4
Cash Reserve Ratio (CRR)
4.00%
9th Feb 2013
5
Statutory Liquidity Ratio (SLR)
21.25%
3rd Feb 2015
6
Marginal Standing Facility (MSF)
7.00 %
fifth Apr 2016

 

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