MONETARY POLICY

Monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply and availability of credit with a view to achieving the ultimate objective of economic policy.

Notifications

(18 kb)
Date : Aug 02, 2017
Standing Liquidity Facility for Primary Dealers

RBI/2017-2018/33
REF.No.MPD.BC.382/07.01.279/2017-18

Shravana 11,1939 (Saka)
August 2, 2017

To

All Primary Dealers

Dear Sir/Madam,

Standing Liquidity Facility for
Primary Dealers

Please refer to the Third Bi-monthly Monetary Policy Statement, 2017-18 - Resolution of the Monetary Policy Committee (MPC), in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 6.25 per cent to 6.0 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, i.e., at 6.0 per cent with effect from August 2, 2017.

Yours faithfully,

(Janak Raj)
Principal Adviser

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