Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2010-11/202
REF.No.MPD.BC. 336 /07.01.279/2010-11
September 16, 2010
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs) ]
and Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities for
Banks and Primary Dealers
Please refer to the Mid-Quarter Monetary Policy Review of the Reserve Bank of September 16, 2010, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points from 5.75 per cent to 6.0 per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facilities provided to banks (export credit refinance) and Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank will be available at the revised repo rate, i.e., at 6.0 per cent with effect from September 16, 2010.
Yours faithfully,
(Janak Raj)
Adviser-in-Charge
CAclubindia
