RBI has announced Fifth Bi-Monthly Monetary Policy Statement 2019-20: Point-to-Point Details

RBI has announced Fifth Bi-Monthly Monetary Policy Statement 2019-20 Point-to-Point Details
RBI has announced Fifth Bi-Monthly Monetary Policy Statement 2019-20: Point-to-Point Details

RBI has announced Fifth Bi-Monthly Monetary Policy Statement 2019-20: Point-to-Point Details


On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC) decided to:-

The policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15 per cent.

Consequently, the reverse repo rate under the LAF remains unchanged at 4.90 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 5.40 per cent.

The Cash Reserve Ratio (CRR) of scheduled banks unchanged at 4.0% of (NDTL).

According to the RBI Fifth Bi-Monthly Monetary Policy Statement 2019-20, What is The Current RBI Policy Rates:


Policy Repo Rate
5.15%
Reverse Repo Rate
4.90%
Marginal Standing Facility (MSF) Rate
5.40%
Bank Rate
5.40%
Cash Reserve Ratio (CRR)
4%
Statutory Liquidity Ratio (SLR)
18.50%

RBI Monetary Policy Tools | Monetary Policy Instruments

These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.

The next meeting of the Monetary Policy Committee (MPC) is scheduled during February 4-6, 2020.

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