RBI’s third quarter monetary policy review ::Unicon Research

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RBI’s third quarter monetary policy review

On the backdrop, of challenging global & domestic economic environment RBI in its third quarter review decided to

• Reduced the cash reserve ratio (CRR) by 50 bps to 5.5%

• Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.5%

• Consequently, the reverse repo rate under the LAF will remain unchanged at 7.5% and the marginal standing facility (MSF) rate at 9.5%

• The Bank Rate has been retained at 6%

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