STANDING LIQUIDITY FACILITIES FOR BANKS AND PRIMARY DEALERS

Notification No.: RBI/2012-13/446

Date: 19/03/2013

As the repo rate has been reduced by 25 basis points from 7.75 per cent to 7.50 per cent with immediate effect.

Accordingly, the interest rate charged on the Standing Liquidity Facilities provided to banks under Export Credit Refinance (ECR) and Special Export Credit Refinance (SECR) and to Primary Dealers (PDs) (collateralized liquidity support) from the Reserve Bank is at the revised repo rate, i.e., at 7.50 per cent with immediate effect.

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

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