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        FEMA & RBI

        Bank Rate

        January 28, 2014

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        As announced in the Third Quarter Review of Monetary Policy 2013-14 dated January 28, 2014, the marginal standing facility (MSF) rate has been increased by 25 basis points from 8.75 per cent to 9.0 per cent with effect from January 28, 2014.

        Accordingly, the Bank Rate also stands adjusted to 9.0 per cent with immediate effect.

        Alpana Killawala

        Principal Chief General Manager

        Bank rate increase aligned with MSF rate, tightening short term lending and discounting conditions immediately. The Reserve Bank raised the marginal standing facility (MSF) rate by 25 basis points to 9.0 per cent and adjusted the Bank Rate to 9.0 per cent with immediate effect, as announced in the Third Quarter Review of Monetary Policy and communicated via press release.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Bank rate increase aligned with MSF rate, tightening short term lending and discounting conditions immediately.

                              The Reserve Bank raised the marginal standing facility (MSF) rate by 25 basis points to 9.0 per cent and adjusted the Bank Rate to 9.0 per cent with immediate effect, as announced in the Third Quarter Review of Monetary Policy and communicated via press release.


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