RBI keep the cash reserve ratio (CRR) of scheduled banks unchanged :: Microsec Research

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 RBI keep the cash reserve ratio (CRR) of scheduled banks unchanged at  4.75 per cent of their net demand and time liabilities and also keep the  policy repo rate under the  liquidity adjustment facility (LAF)  unchanged at 8.5 per cent. Consequently, the reverse repo  rate under the LAF will remain  unchanged at 7.5 per cent, and the marginal standing facility (MSF) rate and  the Bank  Rate at 9.5 per cent.

Guidance

Recent growth-inflation dynamics have prompted the Reserve Bank to indicate that no further tightening is required and that future actions will be towards lowering the rates. However, notwithstanding the deceleration in growth, inflation risks remain, which will influence both the timing and magnitude of future rate actions.

Regards,

Team Microsec Research