The RBI kept repo rate unchanged at 7.5%, keeps CRR rate unchanged at 4%
RBI Governor Dr Raghuram Rajan today announced the First Bi-monthly Monetary Policy Statement for 2015-16 today.
The RBI kept repo rate unchanged at 7.5% and kept Cash reserve Ratio (CRR) rate unchanged at 4%
RBI had lowered its policy rate by 25 basis points to 7.5 percent on March 4, after a similar cut on January 15.
Repo rate is the rate at which the RBI lends money to commercial banks, while reverse repo rate is the rate at which the RBI borrows money from commercial banks.
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI. If the central bank decides to increase the CRR, the available amount with the banks comes down.
RBI Governor Dr Raghuram Rajan today announced the First Bi-monthly Monetary Policy Statement for 2015-16 today.
The RBI kept repo rate unchanged at 7.5% and kept Cash reserve Ratio (CRR) rate unchanged at 4%
RBI had lowered its policy rate by 25 basis points to 7.5 percent on March 4, after a similar cut on January 15.
Repo rate is the rate at which the RBI lends money to commercial banks, while reverse repo rate is the rate at which the RBI borrows money from commercial banks.
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI. If the central bank decides to increase the CRR, the available amount with the banks comes down.
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