In terms of the paragraph 1(x) of the Statement on Developmental and Regulatory Policies dated February 06, 2020, Standalone Primary Dealers (SPDs) were allowed to participate in all overnight liquidity management operations (except Marginal Standing Facility) under the current Liquidity Management Framework dated February 06, 2020. SPDs were also allowed to participate in other operations such as long-term Variable Rate Repo (VRR) operations and daily VRRs on a case-to-case basis. 2. On a review, it has now been decided to allow SPDs to participate in all Repo operations, irrespective of the tenor, conducted by the Reserve Bank. (Puneet Pancholy)
Chief General Manager Press Release: 2024-2025/2470 | |