Reserve Bank of India (RBI) released its 4th bi-monthly monetary policy statement for year 2017-18
The Reserve Bank of India (RBI) has recently released its 4th bi-monthly monetary policy statement for the year 2017-18. As per the monetary policy statement, the policy repo rate under the Liquidity Adjustment Facility (LAF) has remain unchanged at 6%. The reverse repo rate, at which RBI borrows from banks will continue to be at 5.75%.
Topics: Banking in India • Central bank • Economy • Finance • Finance in India • Interest Rates • Liquidity adjustment facility • Monetary Policy • Money • Official bank rate • Repurchase agreement • Reserve Bank of India