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RBI/2006-2007/239
REF.No.MPD.BC. 289/07.01.279/2006-07
January 31, 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.
No. 11/01.01.01/ 2006-07 dated January 31, 2007 on Liquidity Adjustment
Facility – Repo and Reverse Repo Rates.
2. The fixed repo rate under the LAF has been revised to 7.50
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 7.50 per cent with immediate effect.
Yours faithfully,
(M. D. Patra)
Adviser-in-Charge
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