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Standing Liquidity Facility for Primary Dealers- (Reserve Bank of India) (07 Aug 2019)

MANU/RMIC/0106/2019

Banking

In the Third Bi-monthly Monetary Policy Statement 2019-20 of the Monetary Policy Committee (MPC) of August 07, 2019, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 35 basis points to 5.40 per cent from 5.75 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 of 5.40 per cent with effect from August 07, 2019.

Tags : LIQUIDITY FACILITY PRIMARY DEALERS

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