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RBI/2006-07/ 85
REF.No.MPD.BC. 284 /07.01.279/2006-07
July 25, 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..No.9/01.01.01/2006-07
dated July 25, 2006 on Liquidity Adjustment Facility – Repo and Reverse Repo
Rates.
2. The fixed repo rate under LAF has been
revised to 7.00 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 RBI would be available
at repo rate i.e. 7.00 per cent with immediate effect.
Yours faithfully,
(M. D. Patra)
Adviser-in-Charge
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