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Standing Liquidity Facilities for Banks and Primary Dealers


 Notice Date : 02 November 2010

 Standing Liquidity Facilities for Banks and Primary Dealers

 

RBI/2010-11/257

MPD.No.BC.338 /07.01.279/2010-11

November 2, 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 Second Quarter Review of Monetary Policy 2010-11 dated November 2, 2010, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased  by 25 basis points from 6.0 per cent to 6.25 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 6.25 per cent with effect from November 2, 2010.

 

Yours faithfully,

(Janak Raj)

Adviser-in-Charge

 

 

Guest
on 03 November 2010
Notification No : MPD.No.BC.338 /07.01.279/2010-11
Published in Others
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