SC: CIRP Can Continue Despite Fraudulent Insolvency Plea That Triggered It || Delhi HC: Senior Citizen May Seek Eviction of Daughter-in-Law for Ill-Treatment || Delhi HC: Mere Possession of Visa Does Not Confer an Unconditional Right to Enter India || Delhi HC: Every Insensitive or Objectionable Matrimonial Act Does Not Amount to Cruelty || J&K&L HC: Fake Driving Licence Does Not Exonerate Insurer If Driver Has a Valid Licence || P&H HC: Safety Council Report and CCTV Cannot Be Rejected at Charge Stage for Lack of Proof || Delhi High Court Stays Rs. 213 Crore SAIL Payout to British Firm over Unstamped Arbitral Award || Allahabad HC: Bar Council Cannot Suspend Advocate’s Licence Pending Disciplinary Inquiry || SC: CIRP Need Not Be Set Aside Solely for Fraudulent Filing of Section 9 Plea || Supreme Court: Compromise Decree Passed Without Impleading Necessary Party is Void

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 :