Different rates of RBI

 The Reserve Bank of India (RBI) uses various rates to regulate the economy. Here are some of the key rates:


- *Repo Rate*: The interest rate at which the RBI lends money to commercial banks. It's currently at 6.50% ¹.

- *Reverse Repo Rate*: The interest rate at which commercial banks deposit their excess funds with the RBI. It's currently at 3.35% ¹.

- *Bank Rate*: The interest rate at which the RBI lends money to commercial banks for a longer period. It's currently at 5.15% ¹.

- *Marginal Standing Facility (MSF) Rate*: The interest rate at which commercial banks borrow money from the RBI for a short-term period. It's currently at 6.75% ¹.

- *Statutory Liquidity Ratio (SLR)*: The percentage of deposits that commercial banks must maintain in the form of cash, gold, or government securities.

- *Cash Reserve Ratio (CRR)*: The percentage of deposits that commercial banks must maintain with the RBI in the form of cash.


These rates play a crucial role in regulating the money supply, inflation, and economic growth in India.

Comments

Popular posts from this blog

Ratio Analysis

Function & Objective Of World Trade Organization (WTO)

International Trade Theory