RBI Reduces Repo Rate by 25 basis points to 7.5% | Interest Rates Cut Down by RBI
Dear Friends ,Today RBI is announced to reduced key policy rates.RBI Reduces Current Repo rate by 25 basis points.
Reserve Bank of India (RBI) governor Mr. Raghuram Rajan said that low capacity utilization forced RBI to reduce policy, this will improve overall production levels. This decision came after the agreement between RBI and Central government to bring the inflation rate to 6% (band of 2%).
Reserve Bank of India (RBI) governor Mr. Raghuram Rajan said that low capacity utilization forced RBI to reduce policy, this will improve overall production levels. This decision came after the agreement between RBI and Central government to bring the inflation rate to 6% (band of 2%).
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| RBI Reduces Repo Rate by 25 basis points to 7.5% | Interest Rates Cut Down by RBI |
| Rate | % | Effective from |
|---|---|---|
| Bank rate | 8.50% | 4th March 2015 |
| Repo arte | 7.50% | 4th March 2015 |
| Reverse Repo rate | 6.50% | 4th March 2015 |
| Cash reserve ratio (CRR) | 4.00% | 9th February 2015 |
| Statutory Liquidity ratio (SLR) | 21.50% | 3rd February 2015 |
| Marginal standing facility(MSF) | 8.50% | 4th March 2015 |
