RBI Reduces Marginal Standing Facility Rate

RBI/2013-2014/314 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… Read More

Tags: Banks, Basis point, Commercial bank, Marginal Standing Facility, Percentage, Repurchase agreement, Reserve Bank of India, Run batted in