RBI Monetary Policy Statement 2013 – 14

The Reserve Bank of India has announced its Monetary Policy Statement for 2013 – 14. Announcing the Statement RBI Governor Dr. D. Subbarao highlighted the various points of the annual monetary policy statement. The important points of the monetary policy statements are as under:

  • Policy repo rate under the liquidity adjustment facility (LAF) has been reduced by by 25 basis points, from 7.5 per cent to 7.25 per cent with immediate effect.
  • The reverse repo rate under the LAF also stands adjusted to 6.25 per cent. The RBI took this step to boost flagging economic growth.
  • The Marginal Standing Facility (MSF) rate and the Bank Rate, both stand adjusted to 8.25 per cent with immediate effect.
  • The cash reserve ratio (CRR) of scheduled banks has however been retained at 4 per cent of their net demand and time liabilities.

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