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As part of the measures announced today by the Reserve Bank to improve liquidity conditions, the marginal standing facility (MSF) rate has been reduced by 50 basis points from 9.5 per cent to 9.0 per cent with immediate effect.
Accordingly, the Bank Rate also stands adjusted to 9.0 per cent with immediate effect.
Alpana Killawala
Principal Chief General Manager
Bank Rate adjustment: central bank cut lending facility rate, aligning Bank Rate to ease liquidity immediately. The central bank reduced the Marginal Standing Facility rate by fifty basis points and adjusted the Bank Rate to the same level with immediate effect, lowering the overnight emergency lending cost for banks and aligning standing facility pricing to improve liquidity conditions.Press 'Enter' after typing page number.