June 9, 2006
To
All Scheduled Banks [excluding Regional Rural
Banks (RRBs)]
and Primary Dealers
Dear Sir,
Standing Liquidity Facilities for Banks and Primary
Dealers
Please refer to FMD Circular FMD.
MO. AG. No. 5 /01.01.01/2005-06 dated June 8, 2006 on Liquidity Adjustment
Facility – Repo and Reverse Repo Rates.
2. The fixed repo rate under LAF has been revised
to 6.75 per cent with immediate effect. 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. 6.75 per cent with effect from June 9, 2006.
Yours faithfully,
(A. B. Chakraborty)
Director