LAF - Repo and Reverse Repo Rates reduced - ஆர்பிஐ - Reserve Bank of India
LAF - Repo and Reverse Repo Rates reduced
RBI/2008-2009/341 January 2, 2009 All Scheduled Commercial Banks (excluding RRBs) and Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates On a review of current global and domestic macroeconomic situation, the Reserve Bank has decided to reduce the fixed repo rate under the Liquidity Adjustment Facility (LAF) by 100 basis points from 6.5 per cent to 5.5 per cent and the reverse repo rate by 100 basis points from 5 per cent to 4 percent with immediate effect. 2. Accordingly, the daily reverse repo and repo auctions, including special term repo auctions, under LAF would be conducted at the revised rates with effect from January 5, 2009. 3. All other terms and conditions of the current LAF Scheme remain unchanged. Yours faithfully (Chandan Sinha) |