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  1. #1
    RAM GOPAL MISHRA Array
    Join Date
    Apr 2012
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    2

    Plan and Policy of RBI?

    This is a question of planning comission of india and i want it's answer ---- rbi plan and policy

  2. #2
    arpita_31 Array
    Join Date
    Apr 2012
    Location
    Jaipur
    Posts
    323

    Re: Plan and Policy of RBI?

    As per the recent guidelines issued by reserve bank of india, in its annual monetary policy for 2012-13 slashed the policy rates by 50 basis points. The repo rate at which banks borrow money from the RBI now stands at 8% from 8.50% earlier. Similarly, the reverse repo rate at which RBI borrows money from banks is now at 7% from 7.50% earlier. However, the cash reserve ratio (CRR) or the portion of deposits banks keep with the RBI, was left unchanged at 4.75%.

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