RBI Reduces Marginal Standing Facility Rate

FMD.MOAG. No.88/01.18.001/2013-14

October 07, 2013

All Scheduled Commercial Banks (excluding RRBs)

Madam / Sir,

Marginal Standing Facility

As announced today, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 50 basis points from 9.50 per cent to 9.00 per cent with immediate effect.

2. All other terms and conditions of the current MSF scheme will remain unchanged.

3. Please acknowledge receipt.

Yours sincerely

(G. Mahalingam)
Principal Chief General Manager

Tags: BanksBasis pointCommercial bankMarginal Standing FacilityPercentageRepurchase agreementReserve Bank of IndiaRun batted in

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