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RBI reduces repo rate by 0.5 per cent under LAF from Monday
Mumbai, Aug 23: The Reserve Bank of India today decided to reduce the one day and 14 day repo rate under the Liquidity Adjustment Facility (LAF) by 0.5 per cent to 4.5 per cent with effect from Monday.
Mumbai, Aug 23: The Reserve Bank of India today
decided to reduce the one day and 14 day repo rate under the
Liquidity Adjustment Facility (LAF) by 0.5 per cent to 4.5 per
cent with effect from Monday.
The Apex Bank, in a statement here, said it has decided to reduce the repo rate under LAF in view of the current macro-economic and overall monetary conditions.
Thereafter, as per the current practice, the cut off rate for acceptance of bids for one day and 14 day repo would continue to be decided by RBI at each auction, the statement added.
RBI had reduced the repo rate under LAF by 0.5 per cent to five per cent from March 03, 2003. Bureau Report
The Apex Bank, in a statement here, said it has decided to reduce the repo rate under LAF in view of the current macro-economic and overall monetary conditions.
Thereafter, as per the current practice, the cut off rate for acceptance of bids for one day and 14 day repo would continue to be decided by RBI at each auction, the statement added.
RBI had reduced the repo rate under LAF by 0.5 per cent to five per cent from March 03, 2003. Bureau Report