City
Epaper

RBI extends Fixed Rate Reverse Repo, MSF window

By ANI | Updated: March 30, 2020 23:30 IST

The Reserve Bank of India (RBI) on Monday extended the Fixed Rate Reverse Repo and Marginal Standing Facility (MSF) window to provide eligible market participants with greater flexibility in their liquidity management.

Open in App

New Delhi [India], Mar 30 : The Reserve Bank of India (RBI) on Monday extended the Fixed Rate Reverse Repo and Marginal Standing Facility (MSF) window to provide eligible market participants with greater flexibility in their liquidity management.

According to a statement, from March 31 till April 30, Fixed Rate Reverse Repo and MSF will function from 9 am to 11:59 pm.

"In view of the rapidly evolving financial conditions and taking into account the impact of disruptions caused by COVID-19, it has been decided as an interim measure to extend the window timings of Fixed Rate Reverse Repo and MSF operations to provide eligible market participants with greater flexibility in their liquidity management," RBI stated.

It further noted that all other terms and conditions as applicable to LAF Reverse Repo and MSF operations will remain the same.

Meanwhile, RBI also announced the Second Targeted Long Term Repo Operation (TLTRO).

"As announced in the statement of Developmental and Regulatory Policies on March 27, the Reserve Bank will conduct TLTROs of up to three years tenor of appropriate sizes for a total amount of up to Rs 1,00,000 crore. The first tranche of TLTRO for Rs 25,000 crore was conducted on March 27. It has now been decided to conduct another TLTRO for Rs 25,000 crore," RBI said.

The funds availed under this tranche of TLTRO would have to be deployed within 30 working days from the date of the operation.

( With inputs from ANI )

Tags: Microsoft CorporationindiaNew DelhiReserve Bank Of IndiaThe finance ministry of indiaMonetary policy committee of the rbi
Open in App

Related Stories

MumbaiUniversity of Bristol Chooses Mumbai for Its First Overseas Campus, Set to Open in September 2026

NationalRaksha Bandhan 2025: Now You Can Send a Rakhi to Your Brother in India Post's Waterproof Envelope — Here's How to Track Your Parcel

NationalGold in Dubai Cheaper Than India: Pricing, Rules, and Import Limits Explained

MaharashtraMaharashtra: RBI Imposes Rs 6 Lakh Penalty on Motiram Agrawal Jalna Merchants Cooperative (MAJMC) Bank

NationalIndia Spends ₹1.38 Lakh Crore Annually on Edible Oil Imports

कारोबार Realted Stories

BusinessIndiGo bans passenger for slapping co-traveller on Mumbai-Kolkata flight

BusinessED Makes First Arrest in Rs 3,000-Crore Anil Ambani Loan Fraud Case

BusinessMahindra & Mahindra buys 59 pc stake in SML Isuzu for Rs 555 crore

BusinessFederal Bank's Q1 net profit falls 15 pc on higher provisions

BusinessIndia's domestic demand shields economy from tariff impact: BoB Chief Economist