**Summary:**
This Reserve Bank of India (RBI) notification, reference number MPD.BC.39007.01.279/2019-20 dated March 27, 2020, announces a reduction in the policy repo rate under the Liquidity Adjustment Facility (LAF) by 75 basis points, from 5.15 percent to 4.40 percent, effective immediately. Consequently, the Standing Liquidity Facility provided to Primary Dealers (PDs), offering collateralized liquidity support from the Reserve Bank, will also be available at the revised repo rate of 4.40 percent, effective March 27, 2020. Inquiries can be directed to the Monetary Policy Department, Central Office, Central Office Building, Shahid Bhagat Singh Road, P.B. NO. 406, Mumbai – 400 001. Contact details include telephone: 912222601000, FAX: 9122 22610430/22700850/22610432/22631006, and email: helpmpd@rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, the issuer of this notification.
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.
Monetary Policy Committee: A 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.
Deba Prasad Rath: Adviser at the Reserve Bank of India.
Mumbai, Maharashtra: The city and state where the Monetary Policy Department, Central Office of RBI is located.
Seventh Bimonthly Monetary Policy Statement 201920: A bi-monthly publication containing monetary policy decisions made by the Monetary Policy Committee (MPC).
भारतीय�रज़वर्ब�क
________________________ RESERVE BANK OF INDIA ________________________
www.r bi.org .in
RBI/2019-20/184
REF.No.MPD.BC.390/07.01.279/2019-20 March 27, 2020
All Primary Dealers
,
Standing Liquidity Facility for
Primary Dealers
In the Seventh Bi-monthly Monetary Policy Statement 2019-20 of the Monetary
Policy Committee (MPC) of March 27, 2020, the policy repo rate under the Liquidity
Adjustment Facility (LAF) has been reduced by 75 basis points to 4.40 per cent from
5.15 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 4.40 per cent with effect from March 27, 2020.
Yours faithfully,
(Deba Prasad Rath)
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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