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Standing Liquidity Facility for Primary Dealers

REF.No.MPD.BC. 379/07.01.279/2015-16

Ashwina 7,1937 (Saka)
September 29, 2015


All Primary Dealers

Dear Sir/Madam,

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.

Yours faithfully,

(B.K. Bhoi)
Principal Adviser

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