Current Rates after First Bi-monthly Policy 2016-17

Dear Readers,
On 5th April, 2016 the RBI has published its first Bi-monthly Monetary Policy Statement, 2016-17. So, today we are presenting you a short notes on Current Rates after First Bi-monthly Policy 2016-17 which is
very important for your upcoming banking exams. Read it carefully. The present Current Rates (Policy Rates, Reserve Ratios and Lending/Deposit Rates) are given as below: 

Current Rates after First Bi-monthly Policy 2016-17


Current Rates
Remarks (In respect of previous Bi-monthly Policy)
Policy Rates
Policy Repo Rate 6.50% Reduced by 25 Basis Point
Reverse Repo Rate 6.00% Increased by 25 Basis Point
Marginal Standing Facility Rate (MSF) 7.00% Reduced by 75 Basis Point
Bank Rate 7.00%
Reserve Ratios
Cash Reserve Ratio (CRR) 4% Unchanged
Statutory Liquidity Ratio (SLR) 21.25% Reduced by 25 Basis Point
Lending / Deposit Rates
Base Rate 9.30% - 9.70%
Savings Deposit Rate 4.00%
Term Deposit Rate > 1 Year 7.00% - 7.50%


Thanks.

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