RBI extends timing of fixed rate LAF Repo operation

Presently, fixed rate Repo operation under Liquidity Adjustment Facility (LAF) is conducted by Reserve Bank of India (RBI) between 9.00 am and 3.00 pm on all working days in Mumbai. With a view to providing further flexibility to the market participants for their liquidity management, RBI has now decided to extend the timing of the fixed rate LAF Repo operation. The revised timing will be between 9.00 am and 4.00 pm on all working days in Mumbai. The change will come into effect from November 5, 2018 (Monday). All other terms and conditions of the current LAF scheme will remain unchanged. Ajit Prasad Assistant Adviser Press Release : 2018-2019/993

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