RBI reduces Repo rates under the Liquidity Adjustment Facility by 25 basis points

FMD.MOAG. No. 76 /01.01.01/2012-13

March 19, 2013

All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers

Madam / Sir,

Liquidity Adjustment Facility Repo and Reverse Repo
and Marginal Standing Facility Rates

As announced today in the Mid-Quarter Review of the Monetary Policy 2012-13, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 7.75 per cent to 7.50 per cent with immediate effect.

2. Consequent to the change in the Repo rate, the Reverse Repo rate under the LAF and the Marginal Standing Facility (MSF) rate will stand automatically adjusted to 6.50 per cent and 8.50 per cent respectively with immediate effect.

3. All other terms and conditions of the current LAF and MSF schemes will remain unchanged.

4. Please acknowledge receipt.

Yours sincerely

(G. Mahalingam)
Chief General Manager

Tags: Basis pointCommercial bankLAFLiquidity Adjustment FacilityMonetary policyPercentageRepurchase agreementReserve Bank of India

profile image

About Shantanu


eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 15 years.

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates

Warning: Unknown: open(/tmp/sess_8a0e97ceba57158f307c315ea5c2a127, O_RDWR) failed: No space left on device (28) in Unknown on line 0

Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct () in Unknown on line 0