RBI has announced changes to the Standing Liquidity Facility for Primary Dealers, effective December 5, 2025. The Monetary Policy Committee (MPC) has decided to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points, from 5.50% to 5.25%. The revised repo rate of 5.25% will apply to the Standing Liquidity Facility provided to Primary Dealers (PDs). For inquiries, contact the Monetary Policy Department at helpmpd@rbi.org.in or by phone at (91-22)22601000. The reference numbers for this policy are RBI / 2025-26/133 and REF. No.MPD.BC. 401/07.01.279/2025-26. The contact address is Monetary Policy Department, Central Office, Central Office Building, Shahid Bhagat Singh Road, P.B. NO. 406, Mumbai- 400001. Dr. Anupam Prakash, Adviser-in-Charge, has signed this communication.
Key Entities Referenced
Reserve Bank of India: Central bank of India, responsible for monetary policy and regulation.
Monetary Policy Statement, 2025-26: A bi-monthly statement outlining the monetary policy decisions.
Monetary Policy Committee (MPC): Committee responsible for setting India's monetary policy.
Liquidity Adjustment Facility (LAF): A tool used by the Reserve Bank of India to manage liquidity in the market.
Primary Dealers: Entities authorized to deal in government securities.
भारतीय र रज़र्व बैंक
RESERVE BANK OF INDIA
www.rb i.org.in
RBI / 2025-26 /133
REF. No.MPD.BC. 401/07.01.279/2025-26 December 5, 2025
All Primary Dealers,
Standing Liquidity Facility for Primary Dealers
As announced in the bi-monthly Monetary Policy Statement, 2025-26 today, 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. Accordingly, the Standing Liquidity Facility provided to Primary Dealers (PDs)
(collateralised liquidity support) from the Reserve Bank would be available at the revised
repo rate of 5.25 per cent with immediate effect.
Yours faithfully,
(Dr. Anupam Prakash)
Adviser-in-Charge
मौद्रिक नीद्रि द्रिभाग, केंिीय कायाालय भिन, शहीद भगि द्र िंह मागा, पोस्ट बॉक्स िं.406, म िंबई- 400 001 भारि
फोन : (91-22)22601000 फैक्स : (91-22) 22610430/22700850/22610432/22631006 ई-मेल : helpmpd@rbi.org.in
_____________________________________________________________________________________________________
Monetary Policy Department, Central Office, Central Office Building, Shahid Bhagat Singh Road, P.B. NO. 406, Mumbai- 400001,
(Tel): (91-22)22601000 FAX (91-22) 22610430/22700850/22610432/22631006 E-mail: helpmpd@rbi.org.in
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