Latest Rates for CRR, SLR, Bank Rate, Cash Reserve Ratio, MSF

Latest Rates for CRR, SLR, Bank Rate, Cash Reserve Ratio, MSF by Rajesh Goyal

Bank Rate*	7.00% (w.e.f. 29/09/2015)	Decreased from 8.25% which was continuing since 02/06/2015
Cash Reserve Ratio (CRR)	4.00% (wef 09/02/2013) -announced on 29/01/2013	Decreased from 4.25%which was continuing since 30/10/2012
Statutory Liquidity Ratio (SLR)	21.50%(w.e.f. 07/02/2015) (announced on 03/02/2015)	Decreased from 22.00% which was continuing since 09/08/2014

[* Remember Bank Rate is not the same thing as Deposit Rates offered by banks for fixed deposits and recurring deposits. If you are a non banker and have landed on this page while looking at Deposit Rates, please click here to go to correct page i.e. Best Deposit Rates offered by banks for fixed deposits]

Repo Rate under LAF

6.50%

(w.e.f. 05/04/2016)

Decreased from 7.25% which was continuing since 02/06/2015

Reverse Repo Rate under LAF **

6.00%

(w.e.f. 05/04/2016)

Increased from 5.75% which was continuing since 29/09/2015

Marginal Standing Facility (MSF) ***

7.00% (w.e.f. 05/04/2016)

Decreased from 8.25% which was continuing since 02/06/2015

**Reverse Report rate was an independent rate till 03/05/2011. However, in the monetary policy announced on 03/05/2011, RBI has decided that now onwards the Reverse Repo Rate will not be announced separately, but will be linked to Repo rate and it will always be 100 bps below the Repo rate (till RBI decides to delink the same)

** The concept of Marginal Standing Facility was announced by RBI wef 03/05/2011 (However implemented wef 09/05/2011). At that time it was decided that Marginal Standing Facility i.e. MSF rate will be linked to Repo rate and will be 100 bps above the Repo Rate (till RBI decides to change the same). WEF 15/07/2013, RBI has announced that from now onwards the MSF Rate will be 300 basis points above the Repo Rate. Once again MSF rates were revised wef 20/09/2013 to 9.50%, which is 200 bps above the Repo Rate,

Wants to Know More About MSF - Click Here : What is Marginal Standing Facility or What is MSF?