RBI/2014-2015/403
FMOD.MAOG. No. 104/01.01.001/2014-15

January 15, 2015

All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers

Dear Sir,

Liquidity Adjustment Facility – Repo and Reverse Repo Rates

As announced by the Governor today, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 8.00 per cent to 7.75 per cent with immediate effect.

2. Consequent to the change in the Repo rate, the Reverse Repo rate under the LAF will stand adjusted to 6.75 per cent with immediate effect.

3. All other terms and conditions of the current LAF Scheme will remain unchanged.

4. Please acknowledge receipt.

Yours sincerely

(M. Rajeshwar Rao)
Chief General Manager