Some Facts Related to RBI

1) RBI leaves CRR unchanged, reporbi rate increased by 25 base points to
7.75 %

2) RBI raises Reverse Repo rates by 25 bps to 6.75%

3) RBI increases cash provided to banks through term repo to 0.50 pct of
banks’ deposits from 0.25 pct.

4) The RBI has lowered its Marginal Standing Facility (MSF) rate further by
25 bps to 8.75 percent

5) RBI CREDIT POLICY: Revival of large stalled projs may buoy investment
activity

6) RBI CREDIT POLICY: Won’t be mandatory for existing foreign banks
to covert to WOS

7) RBI CREDIT POLICY: Limit for liquidity through 7,14- day term Repo
up to 0.5% of NDTL. RBI keeps Cash Reserve Ratio unchanged at 4 per cent.

9) Retail inflation to remain above 9%:
RBI Governor Raghuram Rajan.

10) RBI cuts economic growth forecast for this fiscal to 5 per cent from 5.5 per
cent projected earlier.

COURTESY OF Mr Arman S. Choudhary