Archive for September 16th, 2010

RBI’s Mid-Quarter Monetary Policy Review: September 2010

September 16, 2010

As RBI annnounced in last monetary policy that now between the two mon pol meetings there will be reviews. So in a way, there will be 8 monetary policy meetings.

In its first such review held between Jul-10 and Nov-10 monetary policy meetings, RBI raised both repo and reverse repo rates.

  • increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 5.75 per cent to 6.0 per cent with immediate effect.

  • increase the reverse repo rate under the LAF by 50 basis points from 4.5 per cent to 5.0 per cent with immediate effect.

  • (more…)

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