To deal the inflation, the novel RBI Governor Mr. Raghuram Rajan reduced the MSF charge per unit of measurement yesteryear 75 footing points to 9.5% from 10.25% as well as increased the cardinal repo charge per unit of measurement to 7.5% he kept CRR unchanged inwards his get-go monetary policy review later on taking over equally the RBI governor . This stair out was taken to tighten liquidity as well as arrest volatility inwards the unusual central market. The RBI too reduced the minimum daily maintenance of the cash reserve ratio from 99% of the requirement to 95%. RBI said that whatever farther alter inwards the minimum daily maintenance of the CRR is non contemplated.
You tin depository fiscal establishment stand upwards for the Current rates of RBI amongst explanations from here