RBI announced sixth Bi-Monthly Monetary Policy Statement for FY 2017-18

RBI has announced its Sixth Bi-Monthly Monetary Policy Statement for FY 2017-18. This time most of the things have been remained unchanged. Please have a look blow of all rates:

Policy Repo Rate(PRR): Earlier it was 6% since since August,2, 2017 and this time also there is no change in Police Repo Rate by RBI.

Reverse Repo Rate (RRR): Same is the case with this. Last time on August,2, 2017, Reverse Repo Rate was 5.75% ant this time it is also kept at same rate.

Marginal Standing Facility Rate: Just like PRR and RRR, this term is also at the same rate 6.25% as it was in 2nd August 2017.

Bank Rate: Bank rate was given at 6.25% in 2nd August 2017 and has not changed since then till now.

Cash Reserve Ratio: CRR was 4% earlier and it is kept constant at this rate since since 9th February 2013. This time it is also it is unchanged.

Statutory Liquidity Ratio (SLR): The SLR has been 19.50% which is effective from 14th October 2017.

As you can see there is not much change in the sixth Bi-Monthly Monetary Policy Statement for FY 2017-18. The next meeting of RBI Monetary Policy Committee is to be scheduled on 4th and 5th April 2018.

Leave a Reply

Your email address will not be published. Required fields are marked *

Current Affair Today © 2018