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RBI/2006-07/164
REF.No.MPD.BC. 287/07.01.279/2006-07
October 31, 2006
To
All Scheduled Banks [excluding
Regional Rural Banks (RRBs)]
and Primary Dealers
Dear Madam/Sir,
Standing Liquidity Facilities for
Banks and Primary Dealers
Please refer to FMD Circular FMD.MO.AG.No.10/01.01.01/2006-07
dated October 31, 2006 on Liquidity Adjustment Facility – Repo and Reverse Repo
Rates.
2. The fixed repo rate under LAF
has been revised to 7.25 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 the Reserve
Bank would be available at repo rate i.e. 7.25 per cent with immediate effect.
Yours faithfully,
(M. D. Patra)
Adviser-in-Charge
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