FMD.MOAG. No. 90/01.01.001/2013-14
October 29, 2013
All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced today in the Second Quarter Review of the Monetary Policy 2013-14, it has been decided to increase the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 7.50 per cent to 7.75 per cent with immediate effect.
2. Consequent to the change in the Repo rate, the Reverse Repo rate under the LAF will stand automatically adjusted to 6.75 per cent with immediate effect.
3. All other terms and conditions of the current LAF scheme will remain unchanged.
Principal Chief General Manager