RBI announced the updated monetary policy on 6th December 2017. RBI did not change the Repo rate and will be 6.00% only. Reverse Repo Rate (RRR) and Marginal Standing Facility (MSF) rates also kept unchanged 5.75% and 6.25% respectively. Cash Reserve Ratio (CRR) is also unchanged at 4% since 2013.
Statutory Liquidity Ratio (SLR) has been changed to 19.50% on 14th October 2017.
RBI meeting held on 6th of December 2017 the changes in monetary policy reflected below.
Important points for Monetary Policy October 2017
Current Repo Rate: 6.00%
Statutory Liquidity Ratio: 19.50% from 14th October 2017
Current Reverse Repo Rate: 5.75%
Marginal Standing Facility: 6.25%
Cash Reserve Ratio: 4%
Some important full forms
RR: Repo Rate
SLR: Statutory Liquidity Ratio
RRR: Reverse Repo Rate
MSF: Marginal Standing Facility
CRR: Cash Reserve Ratio