RBI on September 30, 2022 increases policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 5.40 per cent to 5.90 per cent and Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 per cent with immediate effect.

Consequent to above standing deposit facility (SDF) rate and marginal standing facility (MSF) rate stand adjusted to 5.65 per cent and 6.15 per cent and Standing Liquidity Facility provided to Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank would be available at the revised repo rate of 5.90 per cent with immediate effect.

Reserve Bank of India

RBI/2022-2023/120
FMOD.MAOG.No.147/01.01.001/2022-23

September 30, 2022

All Liquidity Adjustment Facility (LAF) participants

Madam/Sir,

Liquidity Adjustment Facility- Change in rates

As announced in the Monetary Policy Statement dated September 30, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 5.40 per cent to 5.90 per cent with immediate effect.

2. Consequently, the standing deposit facility (SDF) rate and marginal standing facility (MSF) rate stand adjusted to 5.65 per cent and 6.15 per cent respectively, with immediate effect.

3. All other terms and conditions of the extant LAF Scheme will remain unchanged.

Yours sincerely,

(G. Seshsayee)
Chief General Manager

****

Reserve Bank of India

RBI/2022-23/121
REF.No.MPD.BC.395/07.01.279/2022-23

September 30, 2022

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 50 basis points from 5.40 per cent to 5.90 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 5.90 per cent with immediate effect.

Yours faithfully,

(Muneesh Kapur)
Adviser-in-Charge

****

RESERVE BANK OF INDIA

RBI/2022-23/123
DOR.RET.REC.70/12.01.001/2022-23

September 30, 2022

Madam/Sir,

Change in Bank Rate

Please refer to our circular DOR.RET.REC.59/12.01.001/2022-23 dated August 05, 2022 on the captioned subject.

2. As announced in the Monetary Policy Statement 2022-23 dated September 30, 2022, the Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 per cent with immediate effect.

3. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated in the Annex.

Applicability

4. This circular is applicable to all the banks.

Yours faithfully,

(Prakash Baliarsingh)
Chief General Manager

Encl.: As above

Annex

Penal Interest Rates which are linked to the Bank Rate

Item Existing Rate Revised Rate (With immediate effect)
Penal interest rates on shortfalls in reserve requirements    (depending
on duration of shortfalls).
Bank Rate plus 3.0 percentage points (8.65 per cent) or Bank Rate plus 5.0 percentage
points (10.65 per cent).
Bank Rate plus 3.0 percentage points (9.15 per cent) or Bank Rate plus 5.0 percentage points (11.15 per cent).

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