**Summary:**
This Reserve Bank of India (RBI) notification, REF. No. MPD.BC. 383/07.01.279/2017-18, dated June 6, 2018, announces a revision to the Standing Liquidity Facility (SLF) for Primary Dealers (PDs). Following the Second Bimonthly Monetary Policy Statement, 2018-19, the Monetary Policy Committee (MPC) increased the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points. Consequently, the interest rate for the collateralized liquidity support provided to PDs by the RBI under the SLF is revised to 6.25% with immediate effect from June 6, 2018. 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 information includes telephone numbers 91-22-22601000, FAX numbers 91-22-22610430/22700850/22610432/22631006, and email helpmpd@rbi.org.in. The notification is issued by Janak Raj, Principal Adviser.
Key Entities Referenced
Reserve Bank of India: The central bank of India.
Primary Dealers: Financial institutions authorized to deal in government securities.
Standing Liquidity Facility: A facility provided to Primary Dealers for collateralised liquidity support from the Reserve Bank.
Second Bimonthly Monetary Policy Statement, 2018-19: A statement regarding monetary policy.
Monetary Policy Committee: The committee responsible for setting monetary policy in India.
Liquidity Adjustment Facility: A tool used by the Reserve Bank of India to manage liquidity in the banking system.
repo rate: The rate at which the Reserve Bank of India lends money to commercial banks against government securities.
Mumbai, Maharashtra: City in India, location of Monetary Policy Department, Central Office
भारतीय �रज़व र् बक�
________________________ RESERVE BANK OF INDIA ________________________
www.rbi.org.in
RBI/2017-18/187 Jyeshtha 16, 1940 (Saka)
REF. No. MPD.BC. 383/07.01.279/2017-18 June 6, 2018
All Primary Dealers
Standing Liquidity Facility for
Primary Dealers
In the Second Bi-monthly Monetary Policy Statement, 2018-19 Resolution of
the Monetary Policy Committee (MPC), the repo rate under the Liquidity Adjustment
Facility (LAF) has been increased by 25 basis points to 6.25 per cent from 6.00 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 6.25 per cent with effect from June 6, 2018.
Yours faithfully,
(Janak Raj)
Principal Adviser
______________________________________________________________________________________________________
मौ�द्रक नी�त �वभाग, क�द्र�य कायार्लय भवन, शह�द भगत �सहं माग,र् पोस्ट बॉक्स सं.406, मुंबई- 400 001 भारत
Monetary Policy Department, Central Office, Central Office Building, Shahid Bhagat Singh Road, P.B. NO. 406,
Mumbai- 400 001,
(Tel): (91-22)22601000; FAX (91-22) 22610430/22700850/22610432/22631006 E-MAIL: helpmpd@rbi.org.in
�हदं � आसान है, इसका प्रयोग बढ़ाइए