RBI Cuts Repo ,CRR Rate !Exit Long and Go Short in Bank Nifty..No if & But !

rbi156Repo Rate

 It has been decided to:

  • reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect.

Reverse Repo Rate

 The reverse repo rate under the LAF, determined with a spread of 100 basis points below the repo rate, stands  adjusted to 6.75 per cent with immediate effect.

Marginal Standing Facility (MSF) Rate

 The Marginal Standing Facility (MSF) rate, determined with a spread of 100 basis points above the repo rate, stands adjusted to 8.75 per cent with immediate effect.

Bank Rate

 The Bank Rate stands adjusted to 8.75 per cent with immediate effect.

Cash Reserve Ratio

  It has been decided to:

  • reduce the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.25 per cent to 4.0 per cent of their net demand and time liabilities (NDTL) effective the fortnight beginning February 9, 2013.

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