Third Bi-Monthly Monetary Policy
On August 2, 2017, the Reserve Bank of India (RBI) announced the Third Bi-Monthly Monetary Policy Statement for the current fiscal.2017-18. This time, RBI has reduced the policy repo rate by 25 basis points (bps) to 6 percent.
Repo rate – 6.00% (previous was 6.25%)
Reverse Repo Rate – 5.75% (Previously was 6.00%)
Marginal Rate of the Permanent Facility – 6.25% (Previously it was 6.50%)
Banking Rate – 6.25% (Previously it was 6.50%)
Cash Reserve Ratio (CRR) – 4.00% (unchanged)
Legal Liquidity Ratio (SLR) – 20.00% (Unchanged)