Supreme Court: Banks Cannot Effectively Blacklist Lawyers by Placing Them on Caution Lists || Madras HC: Advocates Can't Seek Out-of-Turn Case Listing Through Writ Petitions || J&K&L HC: Vehicle Can't Remain in Police Custody During NDPS Trial over Possible Confiscation || J&K&L HC: Prolonged Stagnation in Small Cadres Does Not Grant Right to Promotion || Delhi HC Rejects Bail Plea of Athar Khan in Alleged Delhi Riots Conspiracy || Delhi HC Full Bench: School Employee's Suspension Ends if DOE Approval Isn't Given in 15 Days || Allahabad HC: Mere Note of Failed Conciliation Not Sufficient for Lok Adalat Proceedings || Delhi HC: Govt Created 'Utter Chaos' in OBC Reservation Rules Through Conflicting Notifications || Calcutta HC: Acceptance of Rent After Quit Notice Doesn't Waive Tenancy Termination || Delhi HC Flags EFI Selection Criteria Breach in Asian Games Dressage Team, Declines to Interfere

Liquidity Adjustment Facility - Repo and Reverse Repo Rates- (Reserve Bank of India) (04 Oct 2016)

MANU/RMIC/0175/2016

Banking

As announced in the Fourth Bi-monthly Monetary Policy Statement today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.50 per cent to 6.25 per cent with immediate effect. Consequent to the change in the Repo rate, the Reverse Repo rate under the LAF will stand adjusted to 5.75 per cent with immediate effect. All other terms and conditions of the current LAF Scheme will remain unchanged.

Tags : REPO RATE REDUCTION LIQUIDITY ADJUSTMENT FACILITY

Share :