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Second Quarter Review of Monetary Policy 2009 -10

Author

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  • D Subbarao

Abstract

The repo rate has been kept unchanged at 4.75%. The reverse repo rate left steady at 3.25%. The bank rate has been retained unchanged at 6.0%. The cash reserve ratio (CRR) of scheduled banks has been retained unchanged at 5% of their net demand and time liabilities (NDTL). Statutory liquidity ratio (SLR) for scheduled commercial banks has been hiked by 100 basis points to 25%.

Suggested Citation

  • D Subbarao, 2009. "Second Quarter Review of Monetary Policy 2009 -10," Working Papers id:2258, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:2258
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