Second Quarter Review of Monetary Policy 2013-14 – Statement by Raghuram Rajan
Download: Second Quarter Review of Monetary Policy 2013-14 "Good Morning and welcome to the Reserve Bank. Today, continuing the process begun in September, we have announced the following policy measures: we have reduced the marginal standing facility (MSF) rate by 25 basis points from 9.0 per cent to 8.75 per cent with immediate effect; we have… Read More
Tags: Bank Rate, Central bank, Economic growth, finance, India, Microsoft, Monetary policy, MSF, NDTL, Raghuram Rajan, Repurchase agreement, Reserve Bank, September
Adjustment in Bank Rate
As part of the measures announced today by the Reserve Bank to improve liquidity conditions, the marginal standing facility (MSF) rate has been reduced by 50 basis points from 9.5 per cent to 9.0 per cent with immediate effect. Accordingly, the Bank Rate also stands adjusted to 9.0 per cent with immediate effect. Alpana Killawala… Read More
Tags: Bank Rate, Basis point, Central bank, MSF, Percentage, Repurchase agreement, Reserve Bank, Reserve Bank of India
RBI Announces Measures to Improve Liquidity Conditions
Starting with the Mid-Quarter Review of September 2013, the Reserve Bank of India (RBI) began a calibrated withdrawal of exceptional measures undertaken since July 2013. This was done with a view to normalising liquidity conditions. Accordingly, the marginal standing facility (MSF) rate was reduced by 75 basis points from 10.25 per cent to 9.5 per… Read More
Tags: Basis point, Floating interest rate, Market liquidity, MSF, Percentage, Repurchase agreement, Reserve Bank of India, Run batted in
Section 24 of the Banking Regulation Act, 1949 Maintenance of Statutory Liquidity Ratio Marginal Standing Facility
RBI/2013-14/144 DBOD.No.Ret.BC. 33/12.02.001/2013-14 July 17, 2013 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 24 of the Banking Regulation Act, 1949 Maintenance of Statutory Liquidity Ratio (SLR) Marginal Standing Facility (MSF) Please refer to our Circular DBOD.No.Ret.BC.95 - 12.02.001-2011-12 dated April 17, 2012 wherein it was advised that Scheduled Commercial Banks (SCBs) may borrow… Read More
Tags: Commercial bank, India, MSF, Mutual fund, NDTL, Reserve Bank of India, Run batted in, Statutory Liquidity Ratio
RBI announces Measures to address Exchange Rate Volatility
The market perception of likely tapering of US Quantitative Easing has triggered outflows of portfolio investment, particularly from the debt segment. Consequently, the Rupee has depreciated markedly in the last six weeks. Countries with large current account deficits, such as India, have been particularly affected despite their relatively promising economic fundamentals. The exchange rate pressure… Read More
Tags: Bank Rate, Central bank, India, Liquidity Adjustment Facility, MSF, Repurchase agreement, Run batted in, Rupee