**Summary:**
This Reserve Bank of India (RBI) notification, reference number MPD.BC.38807.01.279/2019-20 dated August 07, 2019, announces a reduction in the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points, from 5.75 percent to 5.40 percent, effective immediately. Consequently, the Standing Liquidity Facility provided to Primary Dealers (PDs) for collateralized liquidity support from the RBI will also be available at the revised repo rate of 5.40 percent, effective August 07, 2019. The notification originates from the Monetary Policy Department, Central Office, located at Central Office Building, Shahid Bhagat Singh Road, P.B. NO. 406, Mumbai 400001. Contact information includes telephone number 912222601000, FAX numbers 9122 22610430/22700850/22610432/22631006, and email address helpmpd@rbi.org.in. The notification is addressed to all Primary Dealers.
Key Entities Referenced
Reserve Bank of India: The central bank of India.
Primary Dealers: Financial institutions that underwrite and distribute government securities.
Standing Liquidity Facility: A facility provided by the Reserve Bank of India to Primary Dealers for collateralized liquidity support.
Monetary Policy Committee: Committee of the Reserve Bank of India responsible for setting monetary policy.
Liquidity Adjustment Facility: A tool used by the Reserve Bank of India to manage liquidity in the banking system.
Janak Raj: Principal Adviser at the Reserve Bank of India.
Mumbai, Maharashtra: City in India where the Central Office of the Reserve Bank of India is located.
Third Bimonthly Monetary Policy Statement 2019-20: Monetary policy statement issued by the Monetary Policy Committee (MPC).
भारतीय �रज़व र् बक�
________________________ RESERVE BANK OF INDIA ________________________
www.rbi.org.in
RBI/2019-20/35
REF.No.MPD.BC.388/07.01.279/2019-20 August 07, 2019
All Primary Dealers,
Standing Liquidity Facility for
Primary Dealers
In the Third Bi-monthly Monetary Policy Statement 2019-20 of the Monetary
Policy Committee (MPC) of August 07, 2019, the policy repo rate under the Liquidity
Adjustment Facility (LAF) has been reduced by 35 basis points to 5.40 per cent from
5.75 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 5.40 per cent with effect from August 07, 2019.
Yours faithfully,
(Janak Raj)
Principal Adviser
मौिद्रक नीित िवभाग, क�द्रीय काया�लय भवन, शहीद भगत िसंह माग�, पो� बॉ� सं.406, मुंबई- 400 001 भारत
फोन : (91-22)22601000 फै� : (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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