Reduction in marginal standing facility rate
Posted on: 08/Oct/2013 4:57:34 PM - No. of views : (2039)
The marginal standing facility rate at which all banks borrow from Reserve bank of India is reduced from 9.5% to 9%.
This is done in order to improve the liquidity of the system. Speaking to one of the central bank�s official, he stated that this decision was made further to the review made on the liquidity conditions.
It is to be noted that this rate was already reduced from 10.25% to 9.25% previously.
