Standing Liquidity Facilities for Banks and Primary Dealers - ଆରବିଆଇ - Reserve Bank of India
Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2008-09/309 December 6, 2008 To All Scheduled Banks [excluding Regional Rural Banks (RRBs)] Dear Sir/Madam, Standing Liquidity Facilities for Please refer to the Reserve Bank’s Press Release dated December 6, 2008, in terms of which the fixed repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 100 basis points from 7.5 per cent to 6.5 per cent with effect from December 8, 2008. 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 repo rate, i.e., at 6.5 per cent with effect from December 8, 2008. Yours faithfully, (M.D. Patra) |