RBI/2008-2009/257 dated 03.11.2008

Last updated: 05 November 2008

Liquidity Adjustment Facility Repo and Reverse Repo Rates

RBI/2008-2009/257
FMD.MOAG. No.28/01.01.01/2008-09

November 3, 2008

All Scheduled Commercial Banks (excluding RRBs)
and Primary Dealers

Dear Sir,

LIQUIDITY ADJUSTMENT FACILITY REPO AND REVERSE REPO RATES

As already announced on November 1, 2008, the Reserve Bank has decided to reduce the fixed repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 8.0 per cent to 7.5 per cent with effect from November 3, 2008, in view of the ebbing of upside inflation risks as also to address concerns relating to the moderation in the growth momentum.

2. The reverse repo rate under LAF remains unchanged at 6.00 per cent.

3. All other terms and conditions of the current LAF Scheme remain unchanged.

Yours faithfully

(Chandan Sinha)
Chief General Manager

CA. Shikha

Published in Others

Share Report Abuse

Comments

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Submit Notifications

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Sameer

Aishwarya N

Sidhartha sankar pillai

Shubham Jain

ANJANA PALIYATH

Subscribe Now

RBI/2008-2009/257 dated 03.11.2008

CA. Shikha

Trending Online Classes

Meet our CAclubindia PRO Members

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA

RBI/2008-2009/257 dated 03.11.2008

Other Latest Notification/Circulars

Browse by Category