RBI has announced changes to the Liquidity Adjustment Facility (LAF) rates, effective December 05, 2025. The policy repo rate under LAF is reduced by 25 basis points from 5.50% to 5.25%. The standing deposit facility (SDF) rate is adjusted to 5.00%, and the marginal standing facility (MSF) rate is adjusted to 5.50%. All other terms and conditions of the extant LAF Scheme remain unchanged. For further information, contact the Financial Markets Operations Department, Central Office at 022-22610642 (Tel), 022-22630981 (Fax), or cgmfmod@rbi.org.in (Email).
Key Entities Referenced
Liquidity Adjustment Facility (LAF): A monetary policy instrument used by the Reserve Bank of India (RBI) to manage liquidity in the banking system.
Monetary Policy Committee (MPC): A committee of the Reserve Bank of India (RBI) responsible for setting India's monetary policy.
Reserve Bank of India: The central bank of India, responsible for regulating the banking system and managing monetary policy.
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
RBI/2025-26/132
FMOD.MAOG.No.153/01.01.001/2025-26
December 05, 2025
All Liquidity Adjustment Facility (LAF) participants
Madam/Sir,
Liquidity Adjustment Facility- Change in rates
As announced in the Monetary Policy Statement dated December 05, 2025, it has been
decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the
Liquidity Adjustment Facility (LAF) by 25 basis points from 5.50 per cent to 5.25 per cent with
immediate effect.
2. Consequently, the standing deposit facility (SDF) rate and marginal standing facility (MSF)
rate stand adjusted to 5.00 per cent and 5.50 per cent respectively, with immediate effect.
3. All other terms and conditions of the extant LAF Scheme will remain unchanged.
Yours sincerely,
(G. Seshsayee)
Chief General Manager
वित्तीय बाजार पररचालन विभाग ,केंद्रीय कायाालय ,पहली मंवजल, मुख्य भिन, शहीद भगत स ंह मागा,फोर्ा, मुंबई - 400 001
फोन : 022-22610642, फैक् : 022-22630981 ,ईमेल: cgmfmod@rbi.org.in
Financial Markets Operations Department, Central Office, First Floor, Main Building, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001
Tel: (022)- 22610642, Fax: 022-22630981, E-mail: cgmfmod@rbi.org.in
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