March
30, 2007
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 Financial Markets Department Circular FMD.
MOAG No. 14 / 01.01.01/ 2006-07 dated March 30, 2007 on Liquidity Adjustment
Facility – Repo and Reverse Repo Rates.
2.
The fixed repo rate under the LAF has been revised to 7.75 per cent with effect
from March 31, 2007. Accordingly, the Standing Liquidity Facilities provided to
Banks (export credit refinance) and Primary Dealers (PDs) (collateralised liquidity
support) from the Reserve Bank would be available at the repo rate i.e.
at 7.75 per cent with effect from March 31, 2007.
Yours
faithfully,
(M. D. Patra)
Adviser-in-Charge