RBI Monetary Policy Highlights :
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- RBI reduced the Repo rate by 35 basis points to 5.40%
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- Reverse Repo rate stands adjusted to 5.15%
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- With an eye to increase the credit flow into real estate, the RBI will recognize loans up to Rs. 20 lakhs as Priority Sector Lending.
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- Cash Reserve Ratio (CRR) remains unchanged at 4%
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- Statutory Liquidity Ratio (SLR) stands adjusted at 18.75%
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- Marginal Standing Facility (MSF) rate & the bank rate stands adjusted at 5.65%