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9th August 2016 Current Affairs Questions and Answers

9th August 2016 Current Affairs MCQs, Quiz, Questions : Current Affairs for August 2016 ,  Daily Multiple Choice Questions (MCQs) for In...

RBI Third Bi-monthly Monetary Policy on 9th August 2016

RBI Third Bi-monthly Monetary Policy on 9th August 2016: On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to:

  • keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent;
  • keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL); and
  • continue to provide liquidity as required but progressively lower the average ex ante liquidity deficit in the system from one per cent of NDTL to a position closer to neutrality.
  • The reverse repo rate under the LAF will remain unchanged at 6.0 per cent
  • The marginal standing facility (MSF) rate and the Bank Rate at 7.0 per cent.
  • Policy  Rates on 9th August 2016 are:
    • Policy Repo Rate : 6.50%
    • CRR : 4.00%
    • Reverse Repo Rate : 6.00%
    • Marginal Standing Facility Rate : 7.00%
    • Bank Rate : 7.00%