5th bimonthly policy Rates announced by RBI

Optimus_Prime

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Today RBI announced its 5th Bi- monthly Policy Rates for the year 2016-17in Mumbai. Below are the details of the Monetary Statement.

Current Rates as announced today are:

1. Repo Rate – 6.25% (unchanged)

2. Reverse Repo Rate – 5.75% (unchanged)

3. CRR (Cash Reserve ratio) – 4%

4. Bank Rate – 6.75% 

5. MSF (Marginal Standing Facility) – 6.75% 

6. SLR (Statutory Liquidity Ratio) – 20.75% (as per RBI official website)

Important Note

6th Bi-monthly review will be on - Feb 7, 2017Six members voted in favour of the monetary policy decision. The minutes of the MPC’s meeting will be published on December 21, 2016. The next meeting of the MPC is scheduled on February 7 & 8, 2017 and its resolution will be placed on the Reserve Bank’s website on February 8, 2017.
 
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