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| RBI chief Raghuram Rajan [PHOTO: IMF] |
New Delhi/Mumbai: Reserve Bank of India has decided to reduce the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 8.00 per cent to 7.75 per cent with immediate effect.
"Consequent to the change in the repo rate, the Reverse Repo rate under the LAF will stand adjusted to 6.75 per cent with immediate effect," country’s central banking institution said in a notification.
All other terms and conditions of the current LAF Scheme will remain unchanged.