"As a result, the Standing Deposit Facility (SDF) rate remains at 6.25 per cent, and the Marginal Standing Facility (MSF) rate, along with the Bank Rate, stays at 6.75 per cent," Das added.
The decision was made with a majority vote of 5 out of 6 MPC members. The standing deposit facility (SDF) rate remains steady at 6.25 per cent, while the marginal standing facility (MSF) rate and the bank rate are both maintained at 6.75 per cent.
According to the statement of the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said consequently, the standing deposit facility (SDF) rate stands adjusted to 6 per cent, and the marginal standing facility (MSF) rate and the bank rate to 6.50 per cent.
Mumbai (Maharashtra) [India], September 29 (ANI): The Reserve Bank of India (RBI) has extended the enhanced borrowing facility provided to banks by six months to meet liquidity shortage till March 31, 2021.
New Delhi [India], Mar 30 (ANI): 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.