Ashwina 7,1937 (Saka)
September 29, 2015
All Primary Dealers
Standing Liquidity Facility for Primary Dealers
Please refer to the Fourth Bi-monthly Monetary Policy Statement, 2015-16 by Dr. Raghuram G. Rajan, Governor dated September 29, 2015, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 50 basis points from 7.25 per cent to 6.75 per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facility provided to Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank would be available at the revised repo rate, i.e., at 6.75 per cent with effect from September 29, 2015.