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Standing Liquidity Facilities for Banks and Primary Dealers


 Notice Date : 16 June 2011

 Standing Liquidity Facilities for Banks and Primary Dealers

 

RBI/2010-11/570

REF.No.MPD.BC.344 /07.01.279/2010-11

June 16, 2011

 

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   June 16, 2011, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points from 7.25 per cent to 7.50 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 would be available at the revised repo rate, i.e., at 7.50 per cent with effect from June 16, 2011.

 

Yours faithfully,

(Janak Raj)

Adviser-in-Charge

 

Guest
on 20 June 2011
Notification No : RBI/2010-11/570
Published in Others
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