RBI/2015-2016/357
FMOD.MAOG. No. 112 /01.01.001/2015-16
April 05, 2016
All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in the Monetary policy by the Governor today, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.75 per cent to 6.50 per cent.
Further, the Reverse Repo rate under the LAF has been increased by 25 basis points from 5.75 percent to 6.00 percent.
These changes will come into force with immediate effect. All other terms and conditions of the current LAF Scheme will remain unchanged.
Yours sincerely
(M. Rajeshwar Rao)
Chief General Manager
CAclubindia
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Notification No : RBI/2015-2016/357Published in Others