FMOD.MAOG. No 121/01.01.001/2017-18
August 2, 2017
All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in the Third Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect.
Consequent to the change in the Repo rate, the Reverse Repo rate under the LAF stands adjusted to 5.75 per cent with immediate effect.
All other terms and conditions of the extant LAF Scheme will remain unchanged.
(Radha Shyam Ratho)
Chief General Manager