RBI/2008-09/266
RPCD.PLFS . No. BC. 60 /05.04.02/2008-09
November 3, 2008
The Chairmen/Chief Executives of
all Scheduled Banks / NABARD
Dear Sirs,
Temporary liquidity support for financing agricultural operations
Please refer to our circular RPCD.PLFS. No. BC. 45 /05.04.02/2008-09 dated October 15, 2008, on the captioned subject.
2. Reserve Bank has since decided to extend the facility of temporary liquidity support for financing agricultural operations, as mentioned therein, for a period up to December 5, 2008. The rate of interest on the temporary liquidity support, as mentioned therein, has also been revised. Accordingly, the rate of interest on the above facility would be the prevailing fixed repo rate under LAF.
3. All other conditions of the above circular remain unchanged.
Yours faithfully,
(B.P. Vijayendra)
Chief General Manager
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