Reserve Bank of India (RBI) announced Third Bi-Monthly Monetary Policy Statement for currentfiscal. 2017-18 on August 2, 2017. This time, RBIhas cut the policy repo rate by 25 basis points(bps) to 6 percent.
• Repo Rate - 6. 00% (Earlier it was 6. 25%)• Reverse Repo Rate - 5. 75% (Earlier it was 6.00%)• Marginal Standing Facility Rate - 6. 25% (Earlierit was 6. 50%)• Bank Rate - 6. 25% (Earlier it was 6. 50%)• Cash Reserve Ratio (CRR) - 4. 00%(Unchanged)
• Statutory Liquidity Ratio (SLR) - 20. 00%(Unchanged)
• Repo Rate - 6. 00% (Earlier it was 6. 25%)• Reverse Repo Rate - 5. 75% (Earlier it was 6.00%)• Marginal Standing Facility Rate - 6. 25% (Earlierit was 6. 50%)• Bank Rate - 6. 25% (Earlier it was 6. 50%)• Cash Reserve Ratio (CRR) - 4. 00%(Unchanged)
• Statutory Liquidity Ratio (SLR) - 20. 00%(Unchanged)
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