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Highlights of RBI's monetary policy(As On 2nd June 2015)

Highlights of RBI's monetary policy(As On 2nd June 2015)
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• Short-term lending rate (repo) cut by 0.25% to 7.25 %
• Cash Reserve Ratio unchanged at 4%
• Statutory Liquidity Ratio retained at 21.5%
• Inflation expected to rise to 6% by January 2016
• Strong food policy management needed to keep inflation and inflationary expectations under check
• Growth forecast lowered to 7.6% for 2015-16 from 7.8% projected in April
• Banks asked to pass on benefit of rate cuts to borrowers
• Targeted infusion of bank capital into PSU banks needed to ensure credit flows to productive sectors
• Third bi-monthly policy statement on August 4.
CURRENT RATES OF RBI
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Policy Rates:
• Repo Rate : 7.25%
• Reverse Repo Rate : 6.25%
• Marginal Standing Facility Rate : 8.25%
• Bank Rate : 8.25%
Reserve Ratios
• CRR : 4%
• SLR : 21.5%
• Base Rate : 9.75% - 10.00%
• Savings Deposit Rate : 4.00%
• Term Deposit Rate > 1 Year : 8.00% - 8.50%
Money Market
* Call Rates : 6.10% - 7.80% *
* as on previous day
Government Securities Market
• 8.40% GS 2024 :7.8223%
• 91 day T-bills : 7.8519 %*
• 182 day T-bills : 7.9002 %*
• 364 day T-bills : 7.8265 %*
* cut-off at the last auction
Highlights of RBI's monetary policy(As On 2nd June 2015) Reviewed by sambasivan srinivasan on 9:38:00 PM Rating: 5

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