Standing Liquidity Facilities for Banks and Primary Dealers


 Notice Date : 16 September 2010

 Standing Liquidity Facilities for Banks and Primary Dealers

 

RBI/2010-11/202

REF.No.MPD.BC. 336 /07.01.279/2010-11

September 16, 2010

 

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 the Reserve Bank of September 16, 2010, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased  by 25 basis points from 5.75 per cent to 6.0 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 will be available at the revised repo rate, i.e., at 6.0 per cent with effect from September 16, 2010.

 

Yours faithfully,

(Janak Raj)

Adviser-in-Charge

 

 

Guest
on 17 September 2010
Published in Others
Source : ,

 Recent Comments

Total: 0







×

  LAWyersclubindia Menu