The Reserve Bank of India (RBI) kept its key policy repo rate
unchanged at 8% on Tuesday Aug 05,2014 as widely expected, but warned about inflationary
risks should a shortfall in monsoon rains spark a surge in food prices.
The RBI also lowered banks' minimum bond holding requirements, known as the statutory liquidity ratio (SLR), by half a percentage point to 22.0% to free up more money for lending, effective from Aug 9,2014
The RBI also cut the ceiling on debt that must be held-to-maturity by half a percentage point to 24 %
Note
The repo rate has been unchanged since January 2014, when the RBI increased it by a quarter percentage point.
The RBI also lowered banks' minimum bond holding requirements, known as the statutory liquidity ratio (SLR), by half a percentage point to 22.0% to free up more money for lending, effective from Aug 9,2014
The RBI also cut the ceiling on debt that must be held-to-maturity by half a percentage point to 24 %
Note
The repo rate has been unchanged since January 2014, when the RBI increased it by a quarter percentage point.
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