Since April 2022, which facility has formed the floor of the RBI's liquidity adjustment corridor, the rate at which banks can park surplus funds without collateral?

Explanation

1. 01

   The Standing Deposit Facility, introduced in April 2022, lets banks deposit surplus money with the RBI without the RBI having to give securities in return.

2. 02

   It replaced the fixed-rate reverse repo as the floor of the corridor. The Marginal Standing Facility is the ceiling, where banks borrow at a penal rate.