MONETARY POLICY

“…the primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.”


Preamble to the Reserve Bank of India Act 1934

Notifications

(99 kb)
Date : Aug 07, 2019
Marginal Standing Facility

RBI/2019-2020/34
FMOD.MAOG. No.135/01.18.001/2019-20

August 7, 2019

All Marginal Standing Facility (MSF) participants

Madam/Sir,

Marginal Standing Facility

As announced in the Third Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.75 per cent to 5.40 per cent with immediate effect.

2. Consequently, the Marginal Standing Facility (MSF) rate stands adjusted to 5.65 per cent with immediate effect.

3. All other terms and conditions of the extant MSF scheme will remain unchanged.

Yours sincerely

(Radha Shyam Ratho)
Chief General Manager

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