Current Policy Rates @ 8th Feb 2019

1. RBI cuts repo rate by 25 basis points to 6.25%

  • The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided to reduce the key policy rate or the repo rate by 25 bps to 6.25% in bimonthly policy review of 2018-19.
  • The three-day policy review meeting by the Monetary Policy Committee (MPC) began headed by RBI Governor Shaktikanta Das in Mumbai.
  • Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5% to 6.25% with immediate effect.
  • The reverse repo rate under the LAF stands adjusted to 6.0 per cent.
  • The marginal standing facility (MSF) rate and the Bank Rate to 6.5 per cent.
  • Current Policy Rates:
  • Policy Repo Rate —— 6.25%
  • Reverse Repo Rate —-6.0%
  • Marginal Standing Facility Rate —- 6.50%
  • Bank Rate —- 6.50%

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