SLR Slashed by 50 Basis Points on 3rdFebruary 2015

Q.  As per the sixth bi-monthly monetary policy statement made by RBI in Mumbai on 3rd Feb’15, by how many basis points has the Statutory Liquidity Ratio been slashed?
- Published on 23 Feb 15

a. 25 basis points
b. 35 basis points
c. 50 basis points
d. Unchanged

ANSWER: 50 basis points
The RBI has decreased SLR of scheduled commercial banks by 50 bps to 21.5% to improve the liquidity in the market.

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