MANU/RMIC/0360/2015

Ministry : Reserve Bank of India

Department/Board : Financial Markets Operation Department

Circular No. : FMOD.MAOG.No.110/01.01.001/2015-2016
                   RBI/2015-2016/190

Date : 29.09.2015

All Scheduled Commercial Banks (excluding RRBs),
Scheduled Urban Co-operative Banks and
Standalone Primary Dealers

Madam / Sir,

Liquidity Adjustment Facility - Repo and Reverse Repo Rates

As announced by the Governor today, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 7.25 per cent to 6.75 per cent with immediate effect.

Consequent to the change in the Repo rate, the Reverse Repo rate under the LAF will stand adjusted to 5.75 per cent with immediate effect.

All other terms and conditions of the current LAF Scheme will remain unchanged.

Yours sincerely
(M. Rajeshwar Rao)
Chief General Manager