Standing Liquidity Facilities for Banks and Primary Dealers - आरबीआय - Reserve Bank of India
Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2012-13/446 Phalguna 28, 1934 (S) To All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] Dear Sir/Madam, Standing Liquidity Facilities for Please refer to the Mid Quarter Monetary Policy Review: March 2013 dated March 19, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 7.75 per cent to 7.50 per cent with immediate effect. 2. Accordingly, the interest rate charged on the Standing Liquidity Facilities provided to banks under Export Credit Refinance (ECR) and Special Export Credit Refinance (SECR) and to Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank is at the revised repo rate, i.e., at 7.50 per cent with immediate effect. Yours faithfully, (Michael Debabrata Patra) |