Standing Liquidity Facilities Rate Revised to 7.75%
No longer current — replaced by Standing Liquidity Facility rate revised to 6.00% (effective immediately per MPC decision, June 2026)[1]
Source: Reserve Bank of India · RBI/2006-2007/300 · issued 30 Mar 2007 · ~1 min read
Quick answerRBI revised the fixed repo rate under LAF to 7.75% from March 31, 2007. Standing liquidity facilities for banks (export credit refinance) and PDs (collateralised liquidity support) will now be available at this rate.
What changed
The fixed repo rate under the Liquidity Adjustment Facility was increased to 7.75% effective March 31, 2007. Consequently, standing liquidity facilities provided to scheduled banks (excluding RRBs) and primary dealers will be charged at this new repo rate.
What it means for you
Banks and PDs will face higher borrowing costs for standing liquidity facilities, as the rate aligns with the revised repo rate. This could tighten liquidity conditions and increase funding costs for banks relying on export credit refinance or collateralised support.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Update internal pricing models to reflect the 7.75% rate for standing liquidity facilities.
Review liquidity management strategies to account for higher refinance costs.
Communicate the rate change to treasury and credit teams for accurate cost calculations.
Who it affects
All scheduled banks (excluding RRBs), Primary dealers
❓ Common questions
Regulatory timeline
Stated effective dateeffective March 31, 2007
Decoded by BankPulse2026-06-19 17:37 IST
Superseded by — Standing Liquidity Facility rate revised to 6.00% (effective immediately per MPC decision, June 2026)[1]
Status change: superseded10 Jul 2026, 04:05 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the effective date for the new rate?
The revised repo rate of 7.75% applies from March 31, 2007.
Which facilities are impacted by this change?
Standing liquidity facilities for banks (export credit refinance) and primary dealers (collateralised liquidity support) are now available at the repo rate of 7.75%.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Superseded byStanding Liquidity Facility rate revised to 6.00% (effective immediately per MPC
📜 Read the original circular — full text as issued by RBI
RBI/2006-2007/300
REF.No.MPD.BC.
290/07.01.279/2006-07
March
30, 2007
To
All
Scheduled Banks [excluding Regional Rural Banks (RRBs)]
and Primary Dealers
Dear
Sir,
Standing Liquidity Facilities
for Banks and Primary Dealers
Please
refer to Financial Markets Department Circular FMD.
MOAG No. 14 / 01.01.01/ 2006-07 dated March 30, 2007 on Liquidity Adjustment
Facility – Repo and Reverse Repo Rates.
2.
The fixed repo rate under the LAF has been revised to 7.75 per cent with effect
from March 31, 2007. Accordingly, the Standing Liquidity Facilities provided to
Banks (export credit refinance) and Primary Dealers (PDs) (collateralised liquidity
support) from the Reserve Bank would be available at the repo rate i.e.
at 7.75 per cent with effect from March 31, 2007.
Yours
faithfully,
(M. D. Patra)
Adviser-in-Charge
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2006-2007/300 · issued 30 Mar 2007. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=3380&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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