Liquidity Adjustment Facility - Repo and Reverse Repo Rates - ఆర్బిఐ - Reserve Bank of India
Liquidity Adjustment Facility - Repo and Reverse Repo Rates
RBI/2008-2009/399 |
FMD.MOAG. No. 33/01.01.01/2008-09 |
March 04, 2009 |
All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers |
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 50 basis points from 5.5 per cent to 5.0 per cent and the reverse repo rate by 50 basis points from 4.0 per cent to 3.5 percent with immediate effect. |
Yours faithfully |
(Chandan Sinha) |
Chief General Manager |