RBI keeps Repo Rate unchanged at 7.75%, Reverse Repo Rate stays at 6.75%

In its sixth bi-monthly Monetary Policy review, the Reserve Bank of India left rates unchanged. However, it announced a cut in SLR by 50 bps from 22 per cent to 21.5 per cent of their NDTL with effect from the fortnight beginning February 7, 2015.

As a result, policy repo rate under remains unchanged at 7.75 per cent, cash reserve ratio (CRR) at 4 per cent, reverse repo rate at 6.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 8.75 per cent.

Speaking to media, Governor Raghuram Rajan said the guidance on future rate cuts remains data dependent. Post the status quo policy, Bank Nifty crashed nearly 100 points.