Standing Liquidity Facilities for Banks and Primary Dealers - ആർബിഐ - Reserve Bank of India
Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2008-09/400 |
REF.No.MPD.BC. 319 /07.01.279/2008-09 |
March 4, 2009
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To |
Dear Sir/Madam, |
Standing Liquidity Facilities for |
Please refer to the Reserve Bank’s Press Release: 2008-2009/1432 dated March 4, 2009, in terms of which the fixed repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 50 basis points from 5.5 per cent to 5.0 per cent with immediate effect. |
2. Accordingly, the Standing Liquidity Facilities provided to banks (export credit refinance)and Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank would be available at the revised repo rate, i.e., at 5.0 per cent with effect from March 5, 2009. |
Yours faithfully,
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(Janak Raj)
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Adviser-in-Charge
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