In its Fourth Bi-monthly Policy Statement 2014-15, RBI extended the status quo on policy rates.
The quantum of liquidity provision under Export Credit Refinance facility is reduced from 32% of eligible credit outstanding to 15%. The policy decision is guided by persisting upside risk to medium term objective (6% target by Jan-16), albeit lower than in previous policy statement.
The roadmap for gradual reduction in ceiling on SLR securities under HTM category from 24% to 22% of NDTL in a phased manner until Sept-15 was laid down in the policy.
Banks have been allowed to include G-Sec held by them up to another 5% of their NDTL within the mandatory SLR requirement as Level 1 High Quality Liquid Assets under LCR.