Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Liquidity Adjustment Facility – Repo and Reverse Repo Rates


 Notice Date : 03 May 2011

 Liquidity Adjustment Facility – Repo and Reverse Repo Rates

RBI/2010-2011/501

FMD.MOAG. No.58/01.01.01/2010-11

May 3, 2011

 

All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers

 

Dear Sir,

 

Liquidity Adjustment Facility – Repo and Reverse Repo Rates

 

As announced today in the Annual Monetary Policy 2011-12, it has been decided to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 6.75 per cent to 7.25 per cent with immediate effect.

2. Further, as announced in the Policy, the reverse repo rate under the LAF, determined with a spread of 100 basis points below the repo rate, will stand at 6.25 per cent with immediate effect.

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

4. Please acknowledge receipt.

Yours sincerely

(G. Mahalingam)

Chief General Manager

 

 

Guest
on 03 May 2011
Notification No : FMD.MOAG. No.58/01.01.01/2010-11
Published in Others
Source : ,










Trending Tags