MUMBAI: The Reserve Bank of India (RBI) has decided to extend the timing of the fixed rate liquidity adjustment facility (LAF) Repo operation by one hour.
Presently, the fixed rate Repo operation under Liquidity Adjustment Facility (LAF) is conducted by Reserve Bank of India (RBI) between 9 am and 3 pm on all working days in Mumbai. From November 5, 2018 onwards, the Repo operation will remain open from 9 am to 4 pm on all working days in Mumbai.
An RBI statement said that the extension in timing by an hour has been decided with a view to providing further flexibility to the market participants for their liquidity management.
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