current repo and reverse repo rate

Current Repo Rate,  2011  Current Reverse Repo Rate,  Current SLR Rate,  Current MSF Rate

RBI has hiked Repo and Reverse Repo rate by 25 bps wef 16/09/2011. (Repo increased from 8.00% to 8.25%; Reverse Repo adjusted to 7.25% and MSF to 9.25%)

Bank Rate

6.00% (w.e.f. 29/04/2003)

Cash Reserve Ratio (CRR)

6.00% (w.e.f. 24/04/2010)

Increased from 5.00% to 5.50% wef 13/02/2010; and then again to 5.75% wef 27/02/2010; and now to 6.00% wef 24/04/2010

Statutory Liquidity Ratio (SLR)

24%(w.e.f. 18/12/2010)

Decreased from 25% which was continuing since 07/11/2009

Repo Rate under LAF

8.25% (w.e.f. 16/09/2011)

Increased from 8.00% which was continuing since 26/07/2011

Reverse Repo Rate under LAF *

7.25% (w.e.f. 16/09/2011)

Increased from 7.00% which was continuing since 26/07/2011

*Reverse Report rate was an independent rate till 03/05/2011.  However, in the monetary policy announced on 03/05/2011, RBI has decided that now onwards the Reverse Repo Rate will not be announced separately, but will be linked to Repo rate and it will always be 100 bps below the Repo rate (till RBI decides to delink the same)

Marginal Standing Facility (MSF) **

9.25% (w.e.f. 16/09/2011)

Increased from 9.00% which was continuing since 26/07/2011

** The concept of Marginal Standing Facility has been announced by RBI wef 03/05/2011 (However implemented wef 09/05/2011).  It was decided that Marginal Standing Facility i.e. MSF rate will be linked to Repo rate and it will always be 100 bps above the Repo Rate (till RBI decides to delink the same).  What is Marginal Standing Facility or What is MSF?

Saving Deposits - Interest Rate (including Saving Deposit A/cs under NRO and NRE categories) -  RBI has amended the rate of interest on SF accounts in exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949

4.00% (w.e.f. 03/05/2011)

Increased from 3.50%, which was continuing since 1st March, 2003

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