RBI hiked Repo Rate by 25 basis points to 7.75 %
As per the Second Quarter Review of Monetary Policy 2013-14 released by the Reserve Bank of India (RBI), the Repo rate has been increased by 25 basis points from 7.5% percent to 7.75% keeping in view the surge in inflation and other factors.
Key points of the Second Quarter Review of Monetary Policy 2013-14:
Marginal Standing Facility (MSF) rate slashed by 25 basis points from 9% to 8.75%.
- Policy repo rate under the Liquidity Adjustment Facility (LAF) hiked by 25 basis points from 7.5% to 7.75%.
- The liquidity provided through term repos of 7-day and 14-day tenor has been enhanced from 0.25% of Net Demand and Time Liabilities (NDTL) of the banking system to 0.5%.
- Cash Reserve Ratio (CRR) untouched at 4%.
The GDP growth projection for 2013-14 has been reduced to 5% from previous 5.7%.
RBI announces Second Tranche of purchase under G-SAP 1.0
The Reserve Bank of India recently announced that the second tranche of open market purchase of Gove...
RBI to conduct first SLTRO for small finance banks
The Reserve Bank of India recently announced that it is to conduct the first Special Long Term Repo ...
RBI sets up Committee to assist RRA 2.0
The Reserve Bank of India recently constituted a Committee under the Managing Director S Janaki Rama...
T Rabi Sankar named RBI deputy governor
The Government of India recently appointed T Rabi Shankar as the fourth Deputy Governor. ContentsAbo...
RBI Guidelines for Tenure of Bank CEOs and MDs
The Reserve Bank of India recently laid down set of instructions to improve the corporate bank gover...
|View All E-Books: Recent Release|