Friends, the Reserve Bank of India’s Governor Mr. Raghuram Rajan has announced the Second Bi-monthly Monetary Policy Statement for the yr 2014-15 today (3rd June 2014) at 11:AM. He kept the country’s telephone substitution rates unchanged. While the Repo charge per unit of measurement was maintained at 8% together with Reverse Repo charge per unit of measurement at 7% (Kept unchanged since 28th Jan 2014). But he reduced the mandatory amount of bonds lenders must common at the RBI – called the Statutory Liquidity Ratio (SLR) – yesteryear fifty solid soil points to 22.50 percent of deposits (kept unchanged since 11th August 20112), starting inwards mid-June.This bi-monthly policy review of today is the commencement subsequently Modi assumed component on 26th May 2014.
Thanks to Supriya Akunuri for the update