Nifty below 8700, Sensex in red as RBI keeps key rates unchanged

Epic Update RBI



On the basis of an assessment of the current and evolving macroeconomic situation, RBI has decided to:
keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 percent
keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 percent of net demand and time liabilities (NDTL)
continue to provide liquidity as required but progressively lower the average ex ante liquidity deficit in the system from one per cent of NDTL to a position closer to neutrality.
Consequently, the reverse repo rate under the LAF will remain unchanged at 6.0 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 7.0 percent.

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