**Policy Summary**
**Subject:** Revision to Standing Liquidity Facility for Primary Dealers
**Issuing Authority:** Reserve Bank of India (RBI)
**Date:** February 08, 2023
**Reference Number:** REF.No.MPD.BC.39707.01.279202223
**Summary:**
This notification announces an increase in the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points, from 6.25 percent to 6.50 percent, with immediate effect. This decision was made by the Monetary Policy Committee (MPC) as stated in the Monetary Policy Statement 2022-23. Consequently, the Standing Liquidity Facility provided to Primary Dealers (PDs) as collateralized liquidity support from the Reserve Bank will now be available at the revised repo rate of 6.50 percent, also with immediate effect.
**Contact Information:**
Muneesh Kapur
Adviser-in-Charge
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
Email: helpmpd@rbi.org.in
Website: www.rbi.org.in
Key Entities Referenced
Reserve Bank of India: The central bank of India.
Monetary Policy Statement 2022-23: A statement regarding monetary policy released by the Reserve Bank of India.
Monetary Policy Committee: The committee responsible for setting monetary policy for India.
Liquidity Adjustment Facility: A tool used by the Reserve Bank of India to manage liquidity in the market.
policy repo rate: The rate at which the Reserve Bank of India lends money to commercial banks against government securities.
Primary Dealers: Financial institutions authorized to deal in government securities.
Standing Liquidity Facility: A facility provided by the Reserve Bank of India to Primary Dealers for collateralized liquidity support.
Mumbai, Maharashtra: The city in Maharashtra where the Central Office of the Monetary Policy Department is located.
भारतीय �रज़व� ब�क
RESERVE BANK OF INDIA
www.rbi.org.in
RBI/2022-23/173
REF.No.MPD.BC.397/07.01.279/2022-23 February 08, 2023
All Primary Dealers,
Standing Liquidity Facility for Primary Dealers
As announced in the Monetary Policy Statement 2022-23 today, it has been decided
by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity
Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.50 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 6.50 per cent with immediate effect.
Yours faithfully,
(Muneesh Kapur)
Adviser-in-Charge
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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