For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
Oneindia App Download

Special Fixed Rate Repo under Liquidity Adjustment Facility

By Staff
|
Google Oneindia News

Mumbai, Oct 23 (UNI) The Reserve Bank of India (RBI) will conduct a special fixed rate term repo at eight per cent per annum against eligible securities for Rs 11,450 crore, due for reversal on November six, with a view to enabling banks to meet the liquidity requirements of mutual funds.

It may be recalled that the Reserve Bank had earlier announced that it would conduct the special fixed rate term repo under liquidity adjustment facility every day until further notice up to a cumulative amount of Rs 20,000 crore for the same purpose, a RBI release said here today.

Banks have utilised Rs 8,550 crore of this facility till yesterday. In addition, in terms of further measures for improving domestic and foreign currency liquidity announced on October 15, banks may avail of additional liquidity support exclusively for the purpose of meeting the liquidity requirements of mutual funds to the extent of up to 0.5 per cent of their NDTL.

UNI AR SSS VKG1320

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X