MANU/RMIC/0035/2017
Ministry : Reserve Bank of India
Department/Board : Financial Markets Operation Department
Circular No. : FMOD.MAOG.No.118/01.01.001/2016-2017
RBI/2016-2017/268
Date : 06.04.2017
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
First Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC), it has been decided to keep the Repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.25 per cent.
However, consequent upon the narrowing of the LAF corridor, the Reverse Repo rate under the LAF now stands adjusted at 6.0 per cent.
This change will come into force with immediate effect. All other terms and conditions of the current LAF Scheme will remain unchanged.
Yours sincerely
(Radha Shyam Ratho)
Chief General Manager