Standing Liquidity Facilities for Banks and Primary Dealers - ਆਰਬੀਆਈ - Reserve Bank of India
Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2014-15/402 Pausha 25, 1936 (Sake) To All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] Dear Sir/Madam, Standing Liquidity Facilities for Please refer to the Statement by Dr. Raghuram G Rajan, Governor on Monetary Policy dated January 15, 2015, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facilities provided to banks under Export Credit Refinance (ECR) and to Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank would be available at the revised repo rate, i.e., at 7.75 per cent with effect from January 15, 2015. Yours faithfully, (B.K. Bhoi) |