RBI/2008-2009/257 dated 03.11.2008

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

124 Views Comment Share Community & General Report

News posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments

CCI News Desk

Trending Online Classes

Browse by Category

Latest Job Openings

Audit Executive

Article Assistant

Accounts & Finance Specialist

Accounts and Tax Associate

Chartered Accountant

Assistant Manager - Audit and Compliance

Account Assistant

Articled Assistant

RBI/2008-2009/257 dated 03.11.2008

Recent Notification/Circulars :

Browse by Category