New RBI Rates 2019 (Repo, Reverse Repo, CRR, SLR, MSF)

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In a surprise move, the Governor of Reserve Bank of India (RBI) mr Shakti Kanta Das today (7th February 2019)   announced a Repo Rate cut by 25 bps. This is second time RBI slashed the Repo rate in less than two months (earlier on 15th January 2015, the organization has reduced repo rate by 25 bps to 7.75%). This move came out five days after the presentation of the Union Budget 2015 as “disinflation is evolving along the path set out by the RBI at a faster pace than earlier envisaged”. 

With this move, the current Repo Rate becomes 6.25%, the Marginal Standing Facility (MSF) Rate and the Bank Rate has been adjusted to 6.50 percent with immediate effect. The Cash Reserve Ratio (CRR) of scheduled banks remains unchanged at 4 percent. The The Reverse Repo Rate under the liquidity adjustment facility stands adjusted to 6 percent.

You can check current RBI Rates from below table.

Current RBI Rates 2019

S. No	Rates / Reserve Ratios	%	W.e.f
1	Bank Rate	6.50 %	7th February 2019
2	Repo Rate	6.25 %	7th February 2019
3	Reverse Repo Rate	6 %	7th February 2019
4	Cash Reserve Ratio (CRR)	4.00%	9th February 2013
5	Statutory Liquidity Ratio (SLR)	19.25%	7th February 2019
6	Marginal Standing Facility (MSF)	6.50%	7th February 2019

 

You can read detailed explanation of these rates from here

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