Tuesday, August 4, 2015


Third Bi-monthly Monetary Policy Review for 2015-16

Policy repo rate unchanged at 7.25%


  • Kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 7.25%.

  • kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4% of net demand and time liabilities (NDTL);

  • Continue to provide liquidity under overnight repos at 0.25% of bank-wise NDTL at the LAF repo rate and liquidity under 14-day term repos as well as longer term repos of up to 0.75% of NDTL of the banking system through auctions

  • Continue with daily variable rate repos and reverse repos to smooth liquidity.

Consequently, the reverse repo rate under the LAF will remain unchanged at 6.25%, and the marginal standing facility (MSF) rate and the Bank Rate at 8.25%.
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