RBI POLICY AND SOME KEY POINTS UPDATED BY CAPITALSTARS

                                                             REPO RATE

• Repo rate is the rate at which RBI lends to its clients generally against government securities. Reduction in repo rate helps the commercial banks to get money at a cheaper rate and increase in repo rate discourages the commercial banks to get money as the rate increases and becomes expensive.

• Current Repo Rate is at 6%

                                                REVERSE REPO RATE

• Reverse Repo rate is the short term borrowing rate at which RBI borrows money

from banks. ... An increase in the reverse repo rate means that the banks will get an ahigher rate of interest from RBI.

• Current Reverse Repo Rate is at 5.75%

                          SLR (STATUTORY LIQUIDITY RATIO)

• The Statutory Liquidity Ratio (SLR) refers to the proportion of deposits the commercial bank is required to maintain with them in the form of liquid assets in addition to the cash reserve ratio. Every bank must have a minimum portion in the form of cash, gold or other liquid assets by the day’s end.

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