RBI slashes repo rate by 25 bps, no change in CRR

March 20, 2013

The Reserve Bank of India (RBI) has cut down repo rate by 25 basis points from 7.75% to 7.5% with immediate effect.

As a result,

  • The reverse repo rate stands adjusted to 6.5%.
  • The marginal standing facility (MSF) rate and the Bank Rate adjusted to 8.5% .
  • The Cash Reserve Ratio (CRR) has been left unchanged at 4%.

As per the central bank, high Current Account Deficit (CAD) and inflationary pressure limit possibility of further relaxing of rates.

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