RBI/2017-2018/32
FMOD.MAOG. No 121/01.01.001/2017-18
August
2, 2017
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 Third Bi-monthly Monetary Policy
Statement, 2017-18, today, it has been decided by the Monetary
Policy Committee (MPC) to reduce the Repo rate under the Liquidity
Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with
immediate effect.
Consequent to the change in the
Repo rate, the Reverse Repo rate under the LAF stands adjusted to 5.75 per cent with
immediate effect.
All other terms and conditions
of the extant LAF Scheme will remain unchanged.
Yours
sincerely
(Radha
Shyam Ratho)
Chief General Manager
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