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.
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