RBI has announced the increase in the policy repo rate under the liquidity adjustment facility (LAF) to 4.40 per cent with an immediate effect. Earlier the prescribed repo rate was 4 percent. The standing deposit facility (SDF) rate stands adjusted to 4.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 4.65 per cent.RBI has announced the increase in the policy repo rate under the liquidity adjustment facility (LAF) to 4.40 per cent with an immediate effect. Earlier the prescribed repo rate was 4 percent. The standing deposit facility (SDF) rate stands adjusted to 4.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 4.65 per cent.taxmann.com Latest Statutory HappeningsRead More
