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

(54 kb)
Date : Aug 01, 2018
Standing Liquidity Facility for Primary Dealers

RBI/2018-19/33
REF. No. MPD.BC. 384/07.01.279/2018-19

August 01, 2018

All Primary Dealers,

Standing Liquidity Facility for Primary Dealers

In the Third Bi-monthly Monetary Policy Statement 2018-19 of the Monetary Policy Committee (MPC), the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points to 6.50 per cent from 6.25 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 6.50 per cent with effect from August 1, 2018.

Yours faithfully,

(Janak Raj)
Principal Adviser

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