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

Additional Repo Operations under Liquidity Adjustment Facility (LAF) on Reporting Fridays


 Notice Date : 27 January 2012

 RBI/2011-2012/370 

FMD.MOAG. No. 66 /01.01.01/2011-12

January 27, 2012

 

All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers

 

Dear Sir,

 

Additional Repo Operations under Liquidity Adjustment Facility (LAF) on Reporting Fridays

 

At present, Reserve Bank of India operates Liquidity Adjustment Facility (LAF) to inject/absorb liquidity through daily Repo/Reverse Repo auctions. While the LAF Repo operations are conducted in the forenoon between 9.30 A.M. and 10.30 A.M., the LAF Reverse Repo operations are conducted in the afternoon between 4.30 P.M. and 5.00 P.M., along with the Marginal Standing Facility.

 

2. In response to suggestions from some of the market participants and with a view to providing flexibility to market participants in their liquidity management, it has been decided to re-introduce additional Repo under LAF (Second LAF Repo) between 4.30 P.M. and 5.00 P.M. on reporting Fridays, with effect from February 10, 2012, till further notice.

 

3. In case the reporting Friday is a Bank holiday in Mumbai, then the Second LAF Repo would be conducted on the immediate preceding working day.

 

4.  All other terms and conditions of the current LAF scheme will remain unchanged.

 

5. Please acknowledge receipt.

 

Yours sincerely

(G. Mahalingam)

Chief General Manager

 

 

Guest
on 30 January 2012
Notification No : RBI/2011-2012/370
Published in Others
Source : ,










Trending Tags