No changes in RBI credit policy reverse and reverse repo rate

Reserve Bank of India has today announced its credit policy. RBI’s repo rate unchanged. So the repo rate remains at 8 per cent now. The reverse repo rate was unchanged. It’s like the first set at 7%.


Under the new credit policy, the RBI repo term of 7 and 14 days to get the cash has increased to 0.75 per cent of deposits. Net of cash received from the daily repo is 0.25 per deposit. June 3 will next credit policy of RBI. According to RBI, the emphasis will be on lowering inflation. January has the goal of bringing inflation to 8%.


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