Third Quarter Review of Monetary Policy 2013-14
On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 per cent to 8.0 per cent; and keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per… Read More
Tags: Bank Rate, Central bank, Consumer Price Index - CPI (CPIS), December, Economic growth, Repurchase agreement, Reserve Bank, Urjit Patel Committee
RBI revises Bank Rates
RBI/2013-14/468 DBOD.No.Ret.BC.88/12.01.001/2013-14 January 28, 2014 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our circular DBOD.No.Ret.BC.64/12.01.001/2013-14 dated October 29, 2013 on the subject. 2. Consequent to the increase in the policy repo rate under the Liquidity Adjustment Facility (LAF) as announced in the Third Quarter Review of Monetary Policy 2013-14 dated… Read More
Tags: Bank Rate, Central bank, Interest, Liquidity Adjustment Facility, Monetary policy, Percentage, Repurchase agreement, Reserve requirement
Liquidity Adjustment Facility- Reverse Repo
RBI/2013-14/451 FMD.MOAG. No.95/01.01.001/2013-14 January 17, 2014 All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers Madam / Sir, Liquidity Adjustment Facility- Reverse Repo Based on the feedback received from the market participants, it has been decided to revise the timings of Reverse Repo window under Liquidity Adjustment Facility (LAF). The Reverse Repo window will now… Read More
Tags: General manager, January 20 2014 Monday, LAF, Liquidity Adjustment Facility, Monetary policy, Repurchase agreement, Reverse Repo, Run batted in
Reverse Repo under LAF to be available between 7.00 p.m. to 7.30 p.m. from Monday
Based on the feedback received from the market participants, the Reserve Bank of India has decided to revise the timings of Reverse Repo window under Liquidity Adjustment Facility (LAF). The Reverse Repo window will now be available between 7.00 p.m. and 7.30 p.m. instead of the existing timings of 4.45 p.m. to 5.15 p.m. The change… Read More
Tags: 12-hour clock, Central bank, Liquidity Adjustment Facility, Monday, Monetary policy, Repurchase agreement, Reserve Bank of India, Reverse Repo
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
Term Repo under Liquidity Adjustment Facility
RBI/2013-14/319 FMD.MOAG. No. 89 /01.01.009/2013-14 October 08, 2013 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Term Repo under Liquidity Adjustment Facility As announced yesterday, it has been decided to conduct auctions for term repos of 7-day and 14-day tenor for a notified amount equivalent to 0.25 per cent of net demand and time… Read More
Tags: Auction, Friday, Liquidity Adjustment Facility, Microsoft, Mumbai, NDTL, Repurchase agreement, Run batted in
RBI Reduces Marginal Standing Facility Rate
RBI/2013-2014/314 FMD.MOAG. No.88/01.18.001/2013-14 October 07, 2013 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Marginal Standing Facility As announced today, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 50 basis points from 9.50 per cent to 9.00 per cent with immediate effect. 2. All other terms and conditions of the current… Read More
Tags: Banks, Basis point, Commercial bank, Marginal Standing Facility, Percentage, Repurchase agreement, Reserve Bank of India, Run batted in
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
Change in Daily Minimum Cash Reserve Maintenance Requirement
RBI/2013-14/281 DBOD.No.Ret.BC.55 /12.01.001/2013-14 September 20, 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 our Circular DBOD.No.Ret.BC.35/12.01.001/2013-14 dated July 23, 2013 on the captioned subject. 2. As announced in the Press Release 2013-14/604 dated… Read More
Tags: Basis point, Central bank, Raghuram Rajan, Repurchase agreement, Reserve Bank of India, Reserve requirement, Run batted in, September 21 2013
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
RBI’s Special Repo Window for Liquidity Requirements of Mutual Funds
As a contingency measure, the Reserve Bank of India (RBI) has decided to conduct a special 3-day repo at an interest rate of 10.25 per cent for a notified amount of Rs. 25,000 crore with a view to enabling banks to meet the liquidity requirements of mutual funds. Details of the facility are being announced… Read More
Tags: Business, Financial services, Investing, Mutual fund, rbi, Repurchase agreement, Reserve Bank of India, Run batted in
RBI Circular on changes in Bank Rate
RBI/2013-14/138 Ref : DBOD.No.Ret.BC. 31/12.01.001/2013-14 July 15, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Press Release 2013-2014/100 dated July 15, 2013, the Bank Rate stands adjusted by 200 basis points from 8.25 per cent to 10.25 per cent with effect from July 15, 2013. 2. All… Read More
Tags: Bank Rate, Basis point, Interest rate, July 15 2013, Percentage, Repurchase agreement, Reserve Bank of India, Run batted in