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LAF – Repo and Reverse Repo Rates Increased


 Notice Date : 02 November 2010

 LAF – Repo and Reverse Repo Rates Increased

 

RBI/2010-11/256

FMD.MOAG. No.53/01.01.01/2010-11

November 2, 2010

 

All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers

Dear Sir,

 

Liquidity Adjustment Facility – Repo and Reverse Repo Rates

 

As announced today in the Second Quarter Review of Monetary Policy 2010-11, it has been decided to increase the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.00 per cent to 6.25 per cent and the reverse repo rate by 25 basis points from 5.00 per cent to 5.25 per cent with immediate effect.

 

2. All other terms and conditions of the current LAF Scheme will remain unchanged.

 

3. Please acknowledge receipt.

 

Yours sincerely

(P. Krishnamurthy)

Chief General Manager

 

 

 

Guest
on 03 November 2010
Notification No : FMD.MOAG. No.53/01.01.01/2010-11
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