FMOD.MAOG. No. 122/01.18.001/2017-18
All Scheduled Commercial Banks
(excluding RRBs) Scheduled UCBs & PDs
Madam / Sir,
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
Consequent to the change in the
Repo rate, the Marginal Standing Facility (MSF) rate stands adjusted
to 6.25 per cent with immediate effect.
All other terms and conditions
of the extant MSF scheme will remain unchanged.
Chief General Manager