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Wednesday, February 18, 2015

Latest Repo, Reverse Repo, Bank Rate, CRR, SLR, MSF Rates for Exams


Bank Rate
7.75%
w.e.f. 29/09/2015
Cash Reserve Ratio (CRR)
4.00%
wef   09/02/2013
Statutory Liquidity Ratio (SLR)
21.50%
w.e.f. 07/02/2015
Repo Rate
6.75%
w.e.f. 29/09/2015
Reverse Repo Rate
5.75%
w.e.f.29/09/2015
Marginal Standing Facility (MSF)
7.75%
w.e.f. 29/09/2015
(Last Updated on: 25/10/2015)

Repo (Repurchase) Rate
Repo rate is the rate at which banks borrow funds from the RBI.

Reverse Repo Rate
The rate at which RBI borrows money from the banks (or banks lend money to the RBI) is termed the reverse repo rate.

Bank Rate
This is the rate at which RBI lends money to other banks (or financial institutions)

Cash Reserve Ratio (CRR)
Also called the cash reserve ratio, refers to a portion of deposits (as cash) which banks have to keep/maintain with the RBI.

Statutory Liquidity Ratio (SLR)
Besides the CRR, banks are required to invest a portion of their deposits in government securities as a part of their statutory liquidity ratio (SLR) requirements.

To know each rate in detail: Click Here
Latest Repo, Reverse Repo, Bank Rate, CRR, SLR, MSF Rates for Exams Reviewed by Currentaffairs4examz on 18.2.15 Rating: 5 Bank Rate 7.75% w.e.f. 29/09/2015 Cash Reserve Ratio (CRR) 4.00% ...

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