As part of the measures announced today by the Reserve Bank to improve liquidity conditions, the marginal standing facility (MSF) rate has been reduced by 50 basis points from 9.5 per cent to 9.0 per cent with immediate effect.

Accordingly, the Bank Rate also stands adjusted to 9.0 per cent with immediate effect.

Alpana Killawala
Principal Chief General Manager

Press Release : 2013-2014/728