RBI Third Bi-Monthly Monetary Policy Statement, 2014-15

IMPORTANT POINTS:

Repo rate unchanged at 8.0 percent
CRR unchanged at 4.0 percent

Statutory Liquidity Ratio (SLR): 

 

The RBI brought down the Statutory Liquidity Ratio (SLR) — the amount of deposits banks keep in government bonds — by 0.5 percent to 22 percent.

Consequently, the reverse repo rate under the LAF will remain unchanged at 7.0 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 9.0 per cent.

Click here  for the official link for the RBI's Third Bi-Monthly Monetary Policy Statement, 2014-15