MANU/RPRL/0211/2015

Ministry : Reserve Bank of India

Department/Board : RBI

Press Release No. : 2015-2016/1231

Date : 24.11.2015

RBI extends Window Timings of Fixed Rate LAF and MSF Operations

As part of the endeavour to smoothen the liquidity management operations, the Reserve Bank of India (RBI) had introduced Straight Through Processing (STP) of fixed rate Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) Operations with effect from August 3, 2015. In continuation of its efforts and in order to give eligible market participants more flexibility to operate these windows, the Reserve Bank has now decided to extend the timings of the fixed rate LAF and MSF operations. The revised timings will be:

Type of Operation		Window Timings
LAF Repo	:	9.00 A.M. to 3.00 P.M.
LAF Reverse Repo	:	5.30 P.M. to 7.30 P.M.
MSF	:	5.30 P.M. to 7.30 P.M.

The results of the LAF operations will be made available after the closure of the respective auction windows.

Further, as the market participants will have sufficiently long time window to place their bids/offers in repo and MSF/reverse repo, the option of physical bid submission by the market participants would be discontinued.