All Scheduled Commercial Banks
As announced in the Third Bi-monthly Monetary Policy Statement, 2018-19 today,
it has been decided by the Monetary Policy Committee (MPC) to increase the
policy Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis
points from 6.25 per cent to 6.50
per cent with immediate effect.
2. Consequent to the change in
the Repo rate, the Marginal Standing Facility (MSF) rate stands adjusted
to 6.75 per cent with immediate effect.
3. All other terms and
conditions of the extant MSF scheme will remain unchanged.
Chief General Manager