New Delhi [India], Feb 7 ( ANI ): Chief Economist HDFC Bank, Abheek Barua on Wednesday said the decision for the Reserve Bank of India (RBI) to keep the he repo rate and reverse repo
rate unchanged at 6 percent and 5.
8 lakh crore in excess money flooding the banking system post- demonetisation, the RBI in its monetary policy review announced on Thursday has shifted its focus to soaking up the excess cash by raising the reverse repo
rate by 0.
The morning unwind is the process whereby the clearing banks return the securities held as collateral for all GCF Repo positions to the repo dealers and return the cash amount to the reverse repo
The reverse repo
rate refers to the rate at which the country's central bank -- in this case, the U.
The changes, involving reverse repos
and derivatives, reduce the assets included in the calculation and make it easier for them to meet leverage ratio requirements, depending on the final rules adopted by national regulators.
Conversely, a reverse repo
is used to inject cash into the banking system by purchasing repo-eligible securities.
9 billion during its Reverse Repo
Open Market Operation (Injection) in the government of Pakistan Market Treasury Bills and Pakistan Investment Bonds.
The bank announced hikes in repo and reverse repo
rates by 0.
SAMA has decided to lower its reverse repo
rate from 50 basis points to 25 basis points effective immediately," a financial source said.
JEDDAH: The Saudi Arabian Monetary Agency (SAMA) yesterday lowered its reverse repo
rate from 50 basis points to 25 basis points to boost credit growth.
Further rate cuts are expected in Saudi Arabia in 2009 as the economy witnesses slower growth, said Standard Chartered Bank as it forecast reverse repo
rate to come down to 0.
The private sector lender is the first bank to announce a PLR cut after the RBI cut both its repo and reverse repo
rates by one percent each.