Taking into account the fact that agency banks branches being open for conducting Government business on holidays, and with a view to providing flexibility to the banking system for its liquidity management, the Reserve Bank has decided to conduct the regular fixed rate Repo operation on March 28, 2017 (Tuesday) between 9.00 am and 3.00 pm, in addition to the Reverse Repo and Marginal Standing Facility (MSF).

The LAF repo window would be an extension of the March 27, 2017(Monday) LAF window. That is, banks could borrow any residual unused limit of the prescribed limit availed by the banks on March 27, 2017(Monday). The facility would be for overnight tenor and would be reversed on March 29, 2017 (Wednesday).

The fixed rate Reverse Repo and the MSF window timings will be available as usual.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/2578