RBI's Second Bi-monthly Monetary Policy 2014-15 Review

sponsored links

Friends, the Reserve Bank of India's Governor Mr. Raghuram Rajan has announced the Second Bi-monthly Monetary Policy Statement for the year 2014-15 today (3rd June 2014) at 11:AM. He kept the country's key rates unchanged. While the Repo rate was maintained at 8% and Reverse Repo rate at 7% (Kept unchanged since 28th January 2014).  But he reduced the mandatory amount of bonds lenders must park at the RBI - called the Statutory Liquidity Ratio (SLR) - by 50 basis points to 22.50 percent of deposits (kept unchanged since 11th August 20112), starting in mid-June.This bi-monthly policy review of today is the first after Modi assumed office on 26th May 2014. 

Check the updated RBI Rates after the second bi-monthly monetary policy 2014-15 from here

Thanks to Supriya Akunuri for the update

sponsored links