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Sixth RBI Bi-monthly Policy Review

Today RBI released sixth Bi-monthly Policy. Most of the policy rates are unchanged except SLR which is reduced to 21.5%. Now banks need to carry less funds and they can lend more. Inflation levels expected to be in range of 5-6%.

Key Policy rate 

  • Repo rate 7.75%
  • Reverse repo rate -6.75%
  • Bank rate - 8.75%
  • Statutary Liquidity Ratio (SLR) - 21.5% (Decreased by 50 basis points
  • Cash reserve ratio (CRR) - 4%

RBI increased the remittance limit that is Liberalised Remittance Scheme (LRS) to $250,000 per person per year

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