Dear Readers,
The Reserve Bank of India has released the second bi-monthly Monetary Policy Review of the financial year 2018-19. Here we are providing you the major highlights of the review, this will be very beneficial for your upcoming exams.
RBI has hiked repo rate by basis points to 6.25%.
Consequently, the reverse repo rate under the LAF stands adjusted to 6.0 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.50 per cent.
Current Policy Rates-
Bank Rate : 6.50%
Repo Rate : 6.25%
Reverse Repo Rate : 6.00%
MSF : 6.50%
CRR : 4 %
SLR : 19.50%
The next meeting of the MPC is scheduled on July 31 and August 1, 2018.
