There has been no change in the Cash Reserve Ratio (CRR), which stands at 6%. The bank rate has been retained at 6%.
The Reserve Bank of India (RBI) on Friday raised the key policy rates - the repo rate and the reverse repo rate - by a quarter percentage point, as it persists with its efforts to tame the inflation beast despite signs of moderation in economic growth.
So, the repo rate now stands at 8.25% and the reverse repo rate now stands at 7.25%.
There has been no change in the Cash Reserve Ratio (CRR), which stands at 6%. The bank rate has been retained at 6%.
The Marginal Standing Facility (MSF) rate, determined with a spread of 100 bps above the repo rate, stands recalibrated at 9.25% with immediate effect.
Other details to follow soon...
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Rohit Saxena
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