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Wednesday, 29 January 2014

BANK RATE REVISED


As announced in the Third Quarter Review of Monetary Policy 2013-14 dated January 28, 2014, the marginal standing facility (MSF) rate has been increased by 25 basis points from 8.75 per cent to 9.0 per cent with effect from January 28, 2014.
Accordingly, the Bank Rate also stands adjusted to 9.0 per cent with immediate effect.
Alpana Killawala
Principal Chief General Manager rbi
Press Release : 2013-2014/1509
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