Mid-Quarter Monetary Policy Review: September 2013
Click here to Download the Report Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: reduce the marginal standing facility (MSF) rate by 75 basis points from 10.25 per cent to 9.5 per cent with immediate effect; reduce the minimum daily maintenance… Read More
Tags: Bank Rate, Basis point, Central bank, CRR, Federal Reserve System, Government, Repurchase agreement, Reserve Bank
StCBs/RRBs – Change in Daily Minimum Cash Reserve Maintenance Requirement
RBI/2013-14/160 RPCD.CO.RRB.No. 16/03.05.33/2013-14 July 24, 2013 All Scheduled State Cooperative Banks/ Regional Rural Banks Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to Press Release 2013-2014/154 dated July 23, 2013 announcing additional measures to address exchange market volatility. 2. As mentioned therein, currently,… Read More
Tags: CRR, Fortnight, General manager, July 27 2013, Reserve Bank of India, Reserve Bank of India Act, Reserve requirement, Run batted in
Section 42(1) of the Reserve Bank of India Act, 1934 – Change in Daily Minimum Cash Reserve Maintenance Requirement
RBI/2013-14/154 DBOD.No.Ret.BC.35/12.01.001/2013-14 July 23, 2013 To All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to Press Release 2013-2014/154 dated July 23, 2013 announcing additional measures to address exchange market volatility. 2. As mentioned therein,… Read More
Tags: Bank, Commercial bank, CRR, General manager, Reserve Bank of India, Reserve Bank of India Act, Reserve requirement, Run batted in
RBI Publishes Mid-Quarter Monetary Policy Review: June 2013
Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic situation, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at… Read More
Tags: Bank Rate, CAD, CRR, Economic growth, India, LAF, May, Reserve requirement
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