June
11, 2008
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. 18 / 01.01.01/ 2007-08 dated June 11, 2008 on Liquidity Adjustment
Facility – Repo and Reverse Repo Rates.
2. The fixed repo
rate under the LAF has been revised to 8.00 per cent with immediate effect. 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 8.00 per cent with effect
from June 12, 2008.
Yours faithfully,
(A.
B. Chakraborty)
Adviser