In terms of the paragraph 1(x) of the Statement on Developmental and Regulatory Policies dated February 06, 2020 , Standalone Primary Dealers (SPDs) were allowed to participate in all overnight liquidity management operations (except Marginal Standing Facility) under the current Liquidity Management Framework dated February 06, 2020 . SPDs were also allowed to participate in other operations such as long-term Variable Rate Repo (VRR) operations and daily VRRs on a case-to-case basis.

2. On a review, it has now been decided to allow SPDs to participate in all Repo operations, irrespective of the tenor, conducted by the Reserve Bank.

(Puneet Pancholy)     
Chief General Manager

Press Release: 2024-2025/2470