{"id":27372,"date":"2012-02-14T12:19:00","date_gmt":"2012-02-14T17:19:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/02\/14\/rbi-makes-technical-adjustment-to-bank-rate-350bps-to-9-50\/"},"modified":"2012-02-14T12:19:00","modified_gmt":"2012-02-14T17:19:00","slug":"rbi-makes-technical-adjustment-to-bank-rate-350bps-to-9-50","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/02\/14\/rbi-makes-technical-adjustment-to-bank-rate-350bps-to-9-50\/","title":{"rendered":"RBI Makes Technical Adjustment to Bank Rate 350bps to 9.50%"},"content":{"rendered":"<div align=\"right\"><script type=\"text\/javascript\">\ntweetmeme_style = 'compact';\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\"><\/script><\/div>\n<p><span><span>The&nbsp;<a href=\"http:\/\/www.rbi.org.in\/home.aspx\">Reserve Bank of India<\/a>&nbsp;[RBI] raised its old bank rate 350 basis points to 9.50% as a one-time technical adjustment to align it with the main policy rates (repo rate, and reverse repo rate). &nbsp;The interest rate (specifically discounting and rediscounting) has largely remained disused since 2003, however it has some application in liquidity management, and consistency between rates is considered desirable. &nbsp;The RBI last held its main repo rate at 8.50%, and reverse repo rate at 7.50% and cut its cash reserve ratio by 50bps to 5.50% at its <a href=\"http:\/\/www.centralbanknews.info\/2012\/01\/reserve-bank-of-india-holds-rate-at-850.html\">January meeting<\/a>.<\/span><\/span><\/p>\n<div>\n<div><\/p>\n<div>\n<div>\n<div><span><span><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-5063014356923645219?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Reserve Bank of India&nbsp;[RBI] raised its old bank rate 350 basis points to 9.50% as a one-time technical adjustment to align it with the main policy rates (repo rate, and reverse repo rate). &nbsp;The interest rate (specifically discounting and rediscounting) has largely remained disused since 2003, however it has some application in liquidity management, and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/02\/14\/rbi-makes-technical-adjustment-to-bank-rate-350bps-to-9-50\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RBI Makes Technical Adjustment to Bank Rate 350bps to 9.50%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-27372","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=27372"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27372\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=27372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=27372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=27372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}