RBI Current Policy and Reserve Ratio 2021
RBI Current Policy and Reserve Ratio 2021 maintained by Central Bank of India see what are the policy and Reserve of Present in India.
The policy rate is determined by the RBI. How is the rate going by RBI today? All of you will be informed about the current policy rates and current reserve ratios by RBI.
The Governor of the Reserve Bank of India has fixed all types of policy rates by the Monetary Policy Committee in this way. It was decided in the committee that the policy repo rate would be kept at 4%. The reverse repo rate will be kept at 3.35%. Marginal Standing Facility Rate will be kept at 4.25%. Bank rate will be kept at 4.25%. Source: @rbi.org.in
Reserve Ratio has also been fixed by the committee of Reserve Bank of India. The reserve ratio is as follows. CRR means that the cash reserve ratio will be 4%. SLR i.e. Statutory Liquidity Ratio will be 18%.
Repo Rate is a type of rate which is fixed by RBI. On the basis of the report, RBI gives loans to other commercial banks. At present the Repo Rate is 4%.
Reverse Repo Rate is the rate at which commercial banks keep their money with the central bank. At present the reverse repo rate is 3.35%.
Marginal Standing Facility Rate (MSFR) is the rate at which RBI gives loans to maintain the liquidity of banks. At present the marginal standing facility rate is 4.25 percent.
Bank rate is the rate at which the Reserve Bank of Bharat gives loans to other banks. It is a type of long term loan. Currently the bank rate is 4.25 percent.
CRR i.e. Cash Reserve Ratio is the amount on which if a commercial bank gives a loan, then a certain percentage of it has to be deposited with the RBI. Presently the CRR is 4%.
SLR i.e. Statutory Liquidity Ratio is a type of ratio that commercial banks have to maintain. When it gives loan to someone, it has to keep a certain region as a reserve. Presently the SLR is 18%.
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