| Date: |
13-01-2003
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| Notification No: |
RBI Notification No 229/2003
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| Issuing Authority: |
RBI
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| Type: |
Notification
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| File No: |
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| Subject: |
Daily Return on Reciprocal Line Facility
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|
Daily Return on Reciprocal Line Facility
MPD.
BC. No. 229 - 07.01.279 dated 13th January 2003
Please
refer to our circular No. MPD.BC.225/07.01.279/2002-03 dated November 14, 2002
wherein it was clarified that in order to provide greater flexibility in
liquidity management by banks, rupee resources drawn under Reciprocal Line
Facility by a foreign bank in India is initially exempted for one year from the
prudential limits specified for call/notice money transactions.
2.
In order to facilitate monitoring of such operations on Reciprocal Line
Facility on a daily basis, you are requested to submit the requisite data in the
form of a daily return to Adviser-in-Charge, MPD, RBI by fax No. 2270-0849/
2270-0850/2265-1685/2269-3204 at the end of each working day as per the format
contained in the Annex.
Kindly
acknowledge receipt.
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