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First Quarter Review of Monetary Policy click here



First Quarter Review of Monetary Policy 2009-2010
-Announced on the 28th July 2009



III. Monetary Measures

Bank Rate

76. The Bank Rate has been retained unchanged at 6.0 per cent.

Repo Rate

77. The repo rate under the Liquidity Adjustment Facility (LAF) has been retained unchanged at 4.75 per cent.

Reverse Repo Rate

78. The reverse repo rate under the LAF has been retained unchanged at 3.25 per cent.

79. The Reserve Bank has the flexibility to conduct repo/reverse repo auctions at a fixed rate or at variable rates as circumstances warrant.

80. The Reserve Bank retains the option to conduct overnight or longer term repo/reverse repo under the LAF depending on market conditions and other relevant factors. The Reserve Bank will continue to use this flexibly including the right to accept or reject tender(s) under the LAF, wholly or partially, so as to make efficient use of the LAF in daily liquidity management.

Cash Reserve Ratio

81. The cash reserve ratio (CRR) of scheduled banks has been retained unchanged at 5.0 per cent of net demand and time liabilities (NDTL). Second Quarter Review

82. The Second Quarter Review of Monetary Policy for 2009-10 will be undertaken on October 27, 2009.



First Quarter Review of Monetary Policy 2009-2010... click here

Highlights of 1st Quarter Review of Monetary Policy 2009-2010... click here

RBI CREDIT AND MONETARY POLICIES (1999-2010)... click here
















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