First Quarter Review of Monetary Policy 2009-2010
-Announced on the 28th July 2009
III. Monetary Measures
76. The Bank Rate has been retained
unchanged at 6.0 per cent.
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
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
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