RBI/2005-06/287
REF.No.MPD.BC. 278 /07.01.279/2005-06
January 24, 2006
To
All Scheduled Banks [excluding Regional Rural
Banks (RRBs)] and Primary Dealers
Dear Sirs,
Standing Liquidity Facilities for Banks and Primary
Dealers
Please refer to para 71 of the Third
Quarter Review of Annual Statement on Monetary Policy for the year 2005-06.
2. The fixed repo rate under LAF has been
revised to 6.50 per cent effective 12.00 noon, January 24, 2006. Accordingly,
the Standing Liquidity Facilities provided to Banks (export credit eligible
for refinance) and Primary Dealers (PDs) (collateralised liquidity support)
from RBI would be available at repo rate i.e. 6.50 per cent effective 12.00
noon, January 24, 2006.
Yours faithfully,
(K. Kanagasabapathy)
Adviser-in-Charge