With a view to providing flexibility to scheduled commercial banks in their liquidity management on March 30 and 31, 2012, the Reserve Bank of India has decided to conduct additional Repo auction under Liquidity Adjustment Facility (LAF) on March 30, 2012 between 5.00 p.m. and 5.30 p.m. The usual LAF Reverse Repo and Marginal Standing Facility (MSF) operations would also be conducted between 5.00 p.m. and 5.30 p.m. on March 30, 2012 as against the normal timing of 4.30 pm and 5.00 p.m.

Further, Reserve Bank would conduct additional 3-day LAF (both Repo and Reverse Repo) and MSF operations on March 31, 2012 (Saturday) between 2.30 p.m. to 3.00 p.m. The features of the additional LAF and MSF would remain the same as those of the daily LAF and MSF in all operational aspects.

Ajit Prasad
Assistant General Manager

Press Release : 2011-2012/1529