Second Quarter Review of Monetary Policy 2009 -10

D Subbarao

Working Papers from eSocialSciences

Abstract: The repo rate has been kept unchanged at 4.75%. The reverse repo rate left steady at 3.25%. The bank rate has been retained unchanged at 6.0%. The cash reserve ratio (CRR) of scheduled banks has been retained unchanged at 5% of their net demand and time liabilities (NDTL). Statutory liquidity ratio (SLR) for scheduled commercial banks has been hiked by 100 basis points to 25%.

Keywords: repo; reverse; cash reserve ratio; CRR; SLR; statutory liquidity ratio; demand; liabilities; commercial banks; scheduled; banks; Financial Stability; interest rate; trade; emerging market economies (EMEs); Asia; capital; India; china (search for similar items in EconPapers)
Date: 2009-10
New Economics Papers: this item is included in nep-sea
Note: Institutional Papers
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