First Quarter Review of Monetary Policy 2009-2010
-Announced on the 28th July 2009
Highlights of the First Quarter Review of Monetary Policy 2009-2010
The Bank Rate has been retained
unchanged at 6.0 per cent.
The repo rate under the Liquidity
Adjustment Facility (LAF) has been
retained unchanged at 4.75 per cent.
Reverse Repo Rate:
The reverse repo rate under the
LAF has been retained unchanged at 3.25
Cash Reserve Ratio:
The cash reserve ratio (CRR) of
scheduled banks has been retained
unchanged at 5.0 per cent of net demand
and time liabilities (NDTL).
On the basis of the above overall
assessment, the stance of monetary policy
for the remaining period of 2009-10 will be
• Manage liquidity actively so that the
credit demand of the Government is met
while ensuring the flow of credit to the
private sector at viable rates.
• Keep a vigil on the trends and signals of
inflation, and be prepared to respond
quickly and effectively through policy
• Maintain a monetary and interest rate
regime consistent with price stability
and financial stability supportive of
returning the economy to the high
Click Here For Press Statement by Dr. D. Subbarao, Governor on First Quarter Review
First Quarter Review of Monetary Policy 2009-2010 click here
RBI CREDIT AND MONETARY POLICIES (1999-2010) click here