❤️ RBI’s 7th Bi-monthly Monetary Policy Statement for 2019-20

♦️Repo Rate - 4.40%

♦️Reverse Repo Rate - 4.00%

♦️MSF - 4.65%

♦️Bank Rate - 4.65%

♦️CRR - 3%

♦️SLR - 18.25%

💐Repo rate reduced by 75 basis points to 4.4%

🎯Rev repo reduced by 90 basis points to 4%

💐GDP growth for Q4 19-20 and FY 20-21 to be affected

🎯Aggregate demand may weaken

💐Future outlook uncertain and negative

🎯CRR reduced by 100 basis points to 3% for 1 year to release 1.37 lakh crores

💐Min daily CRR balance reduced from 90% - 80% till 30/06/2020

🎯3.74 lakh crore liquidity injected

💐 3 month moratorium on payment of instalments of Term Loan outstanding

🎯Interest on WC facilities to be deferred by 3 months

💐Such deferment not to be considered for NPA

🎯Revised DP calculations by reassessing WC cycle

💐All measures not to effect credit history

🎯Total liquidity injection 3.4% of GDP

General Knowledge