Reserve Bank of India vide its Circular dated 8th February, 2023 decided 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 by the Monetary Policy Committee (MPC).
Further, 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.
This Circular is applicable to all primary dealers and shall come into force with immediate effect.
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