Liquidity Adjustment Facility - Repo and Reverse Repo - ربی - Reserve Bank of India
Liquidity Adjustment Facility - Repo and Reverse Repo
RBI/2013-2014/470 January 28, 2014 All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers Madam / Sir, Liquidity Adjustment Facility – Repo and Reverse Repo As announced today in the Third Quarter Review of the Monetary Policy 2013-14, it has been decided to increase the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 7.75 per cent to 8.00 per cent with immediate effect. 2. Consequent to the change in the Repo rate, the Reverse Repo rate under the LAF will stand automatically adjusted to 7.00 per cent with immediate effect. 3. All other terms and conditions of the current LAF scheme will remain unchanged. Yours sincerely (G. Mahalingam) |